United Microelectronics Corp (ADR) (NYSE:UMC) has been downgraded to Hold in a statement by Daiwa Capital Markets earlier today.
- Updated: September 21, 2016
Daiwa Capital Markets has downgraded United Microelectronics Corp (ADR) (NYSE:UMC) to Hold in a statement released on 09/21/2016.
Having a price of $1.87, United Microelectronics Corp (ADR) (NYSE:UMC) traded 2.16% higher on the day. With the last close down -2.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. United Microelectronics Corp (ADR) has recorded a 50-day average of $1.88 and a two hundred day average of $1.94. Volume of trade was down over the average, with 716,596 shares of UMC changing hands under the typical 925,083
With a total market value of $0, United Microelectronics Corp (ADR) has price-earnings ratio of 21.00 with a one year low of $1.60 and a 52 week high of $2.14 .
General Information About United Microelectronics Corp (ADR) (NYSE:UMC)
United Microelectronics Corporation is a global semiconductor foundry that provides technology and manufacturing for applications spanning various sectors of the integrated circuit (IC) industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company's wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques. The Company's new business segment primarily includes researching, developing, manufacturing, and providing solar energy and new generation light-emitting diode (LED). The Company provides solutions, testing services, package solution development and product yield management services. The Company maintains a customer base across various industries, including communication, consumer electronics, computer, memory and others. The Company also provides design support services.
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