Ultratech, Inc. Rating Reiterated by B. Riley (UTEK)
“Ultratech, Inc.” (NASDAQ:UTEK)‘s stock had its “neutral” rating reiterated by B. Riley in a research note issued on Friday. They currently have a $25.00 price objective on the stock. B. Riley’s target price points to a potential upside of 10.23% from the company’s current price.
Shares of “Ultratech, Inc.” (NASDAQ:UTEK) traded down 1.87% on Friday, hitting $22.255. The stock had a trading volume of 191,729 shares. “Ultratech, Inc.” has a one year low of $22.06 and a one year high of $38.92. The stock has a 50-day moving average of $25.1 and a 200-day moving average of $26.3. The company’s market cap is $624.2 million.
“Ultratech, Inc.” (NASDAQ:UTEK) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.02. The company had revenue of $31.60 million for the quarter, compared to the consensus estimate of $33.05 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 47.9% on a year-over-year basis. Analysts expect that “Ultratech, Inc.” will post $0.26 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barrington Research initiated coverage on shares of “Ultratech, Inc.” in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Separately, analysts at Sidoti downgraded shares of “Ultratech, Inc.” from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 8th. Finally, analysts at Zacks upgraded shares of “Ultratech, Inc.” from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $29.60 price target on the stock. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.90.
Ultratech, Inc, develops, manufactures and markets photolithography, laser thermal processing, and inspection equipment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.