Several analysts have recently updated their ratings and price targets for Ultratech (NASDAQ: UTEK):
Ultratech Inc. (NASDAQ:UTEK) traded down 0.94% during midday trading on Friday, reaching $23.18. 28,431 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $22.53 and its 200 day moving average price is $23.22. The firm’s market cap is $622.80 million. Ultratech Inc. has a 1-year low of $16.42 and a 1-year high of $26.40.
Ultratech (NASDAQ:UTEK) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company earned $48.60 million during the quarter, compared to the consensus estimate of $51.42 million. Ultratech had a negative net margin of 1.15% and a positive return on equity of 0.37%. The company’s revenue for the quarter was up 46.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.22) earnings per share. Equities research analysts anticipate that Ultratech Inc. will post $0.86 EPS for the current year.