Ultra Clean Holdings Rating Lowered to Hold at Needham & Company (UCTT)

By admin | 6 years ago

Ultra Clean Holdings (NASDAQ: UCTT) was downgraded by equities researchers at Needham & Company from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Shares of Ultra Clean Holdings traded up 0.53% during mid-day trading on Tuesday, hitting $5.71. Ultra Clean Holdings has a one year low of $3.77 and a one year high of $11.05. The company has a market cap of $131.4 million and a P/E ratio of 5.92.

Ultra Clean Holdings last issued its quarterly earnings data on Monday, April 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings will post $0.18 earnings per share next quarter.

Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.

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