Ultratech Rises On Unusually High Volume (UTEK)

NEW YORK ( TheStreet) -- Ultratech (Nasdaq: UTEK) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.25 (+8.2%) at $29.79 as of 4 p.m. ET.

Ultratech has a market cap of $716.8 million and is part of the technology sector and electronics industry. Shares are up 12.1% year to date as of the close of trading on Wednesday.

Ultratech, Inc. develops, manufactures, and markets photolithography and laser thermal processing equipment. The company has a P/E ratio of 21.5, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ultratech as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ultratech Ratings Report.

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