Somewhat Positive Media Coverage Very Likely to Effect Ultratech (UTEK) Stock Price

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:

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.

COPYRIGHT VIOLATION NOTICE: “Somewhat Positive Media Coverage Very Likely to Effect Ultratech (UTEK) Stock Price” was originally published by sleekmoney and is owned by of sleekmoney. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://sleekmoney.com/somewhat-positive-media-coverage-very-likely-to-effect-ultratech-utek-stock-price/1739158.html.

About Ultratech

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.

5 Day Chart for NASDAQ:UTEK

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/somewhat-positive-media-coverage-very-likely-to-effect-ultratech-utek-stock-price/1739158.html

Receive News & Ratings for Ultratech Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultratech Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *