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Shares of Ultra Clean Holdings (NASDAQ:UCTT) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, Analyst RN reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.41.

A number of research firms have recently commented on UCTT. Analysts at Standpoint Research initiated coverage on shares of Ultra Clean Holdings in a research note on Thursday, May 1st. They set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Roth Capital downgraded shares of Ultra Clean Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $12.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Ultra Clean Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $14.20 price target on the stock.

Ultra Clean Holdings (NASDAQ:UCTT) traded down 1.27% during mid-day trading on Wednesday, hitting $8.58. The stock had a trading volume of 8,516 shares. Ultra Clean Holdings has a 52-week low of $5.50 and a 52-week high of $15.00. The stock’s 50-day moving average is $9.60 and its 200-day moving average is $11.0. The company has a market cap of $247.8 million and a P/E ratio of 14.32. Ultra Clean Holdings also was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 956,507 shares, a decline of 37.3% from the April 30th total of 1,525,386 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average trading volume of 426,192 shares, the short-interest ratio is currently 2.2 days.

Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings data on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.03. The company had revenue of $144.20 million for the quarter, compared to the consensus estimate of $137.47 million. During the same quarter last year, the company posted $0.04 earnings per share. Ultra Clean Holdings’s revenue was up 43.5% compared to the same quarter last year. Analysts expect that Ultra Clean Holdings will post $0.86 EPS for the current fiscal year.

Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.

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