Ultratech (UTEK) Given Coverage Optimism Rating of 0.16
News stories about Ultratech (NASDAQ:UTEK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ultratech earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.7567085602282 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Ultratech (UTEK) remained flat at $30.23 during trading on Thursday. The stock has a 50 day moving average of $30.09 and a 200 day moving average of $27.10. Ultratech has a 12-month low of $20.56 and a 12-month high of $30.94.
Separately, B. Riley reissued a “neutral” rating and set a $30.00 price objective on shares of Ultratech in a report on Sunday, June 4th.
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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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