Ultratech Rises On Unusually High Volume (UTEK)
NEW YORK (TheStreet) -- Ultratech (Nasdaq:UTEK) is trading at unusually high volume Monday with 1.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.14 (+10.8%) at $32.28 as of 12:26 p.m. ET. Ultratech has a market cap of $730.9 million and is part of the technology sector and electronics industry. Shares are up 25.9% year to date as of the close of trading on Thursday. Ultratech, Inc. develops, manufactures, and markets photolithography and laser thermal processing equipment. The company has a P/E ratio of 43.5, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.7. TheStreet Ratings rates Ultratech as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Ultratech Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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