Alert: Positive Investment/Fundamental Signals (12/15/23)-Unity Bancorp Inc (NASDAQ: UNTY)


Extremely significant positive changes in Unity Bancorp Inc (NASDAQ: UNTY) investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.

Recent important positive changes in fundamentals have benefitted Unity Bancorp Inc (NASDAQ: UNTY): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

UNTY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Unity Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Unity Bancorp has a good Appreciation Score of 80 and a good Power Rating of 80, and the Highest Value Trend Rating results.

Recent Price Action

Unity Bancorp Inc (NASDAQ: UNTY) stock closed at $27.67 on 12/15/23 after a modest gain of 0.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 459% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.

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