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Ultratech (UTEK) Jumps: Stock Adds 5.6% in Session - Tale of the Tape

By: Zacks.com
Posted: 7/8/2014 9:46:00 AM
Referenced Stocks: UTEK;KEM;NJ;TEL

Ultratech, Inc. ( UTEK ) was a big mover last session, with shares rising nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock has gained over 15% since June 24.

This developer of photolithography, laser thermal processing and inspection equipment has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ultratech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Investors interested in the broader Technology sector can consider stocks like KEMET Corp. ( KEM ), Nidec Corp. ( NJ ) and TE Connectivity Ltd. ( TEL ). While Kemet Corp. sports a Zacks Rank #1 (Strong Buy), Nidec Corp. and TE Connectivity bear a Zacks Rank #2 (Buy).

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ULTRATECH STEP (UTEK): Free Stock Analysis Report

KEMET CORP (KEM): Free Stock Analysis Report

NIDEC CORP-ADR (NJ): Free Stock Analysis Report

TE CONNECT-LTD (TEL): Free Stock Analysis Report

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