Unity Bancorp Inc (NASDAQ: UNTY). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.
Recent meaningful positive changes in fundamentals have benefitted Unity Bancorp Inc (NASDAQ: UNTY): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, UNTY is expected to continue to be a Value Builder.
Unity Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Unity Bancorp has a good Appreciation Score of 78 and a very high Power Rating of 85, producing the Highest Value Trend Rating.
Recent Price Action
Unity Bancorp Inc (NASDAQ: UNTY) stock closed at $29.28 on 1/19/24 after a large increase of 3.7%. Moreover, exceptionally high trading volume at 235% of normal accompanied the advance. The stock has risen 3.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
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