Stock Rating Upgrade
The Value Trend Rating for Ultra Clean Holdings Inc (NASDAQ: UCTT) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Ultra Clean Holdings Inc (NASDAQ: UCTT) stock closed at $26.25 on 11/17/23 after a modest decline of -0.6%. The stock has risen 7.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
UCTT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Ultra Clean Holdings has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ultra Clean Holdings has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 32, leading to the Low Neutral Value Trend Rating.
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