News coverage about Ultratech (NASDAQ:UTEK) has been trending somewhat positive on Thursday, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ultratech earned a media sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also assigned media coverage about the company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Zacks Investment Research Downgrades Ultratech, Inc. (UTEK) to Hold (americanbankingnews.com)
- Ultratech Inc (UTEK) Stock Update & Trend Alert – Stock Rover (thestockrover.com)
- Has Ultratech Inc (UTEK) Got Enough Cash To Cover Its Short-Term Obligations? (simplywall.st)
- Ultratech Receives Multiple Commitments For Laser Melt Anneal System Evaluation (finance.yahoo.com)
- SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against Ultratech Inc. – GlobeNewswire (press release) (globenewswire.com)
Shares of Ultratech (NASDAQ:UTEK) traded down 0.44% during midday trading on Thursday, reaching $29.10. The company had a trading volume of 39,955 shares. The stock has a market capitalization of $784.25 million, a price-to-earnings ratio of 70.98 and a beta of 0.34. Ultratech has a 1-year low of $19.52 and a 1-year high of $29.77. The firm’s 50 day moving average price is $29.29 and its 200-day moving average price is $25.41.
Ultratech (NASDAQ:UTEK) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The business earned $51.30 million during the quarter, compared to analyst estimates of $49.36 million. Ultratech had a return on equity of 4.31% and a net margin of 5.79%. The company’s revenue for the quarter was up 81.9% on a year-over-year basis. During the same period last year, the company earned ($0.14) EPS. Equities research analysts expect that Ultratech will post $1.22 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and issued a $28.50 price target on shares of Ultratech in a research note on Thursday, February 2nd. Zacks Investment Research cut Ultratech from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 6th. Finally, Benchmark Co. cut Ultratech from a “buy” rating to a “hold” rating and set a $28.64 price target on the stock. in a research note on Friday, February 3rd.
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Ultratech, Inc (Ultratech) develops, manufactures and markets photolithography, laser thermal processing and inspection equipment. The Company operates through the manufacture and distribution of capital equipment to manufacturers of integrated circuits and nanotechnology components segment. The Company serves manufacturers of semiconductor devices, including packaging processes and various nanotechnology components such as laser diodes, high-brightness light emitting diodes (HBLEDs) and micro-electro-mechanical systems (MEMS), as well as atomic layer deposition systems (ALD) for customers located throughout the world.
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