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Zacks Investment Research downgraded Ultratech, Inc. (NASDAQ:UTEK) to Hold in a report released today.

Yesterday Ultratech, Inc. (NASDAQ:UTEK) traded -1.17% lower at $23.57. The company’s 50-day moving average is $24.56 and its 200-day moving average is $22.85. The last closing price is up 3.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 62,094 shares of the stock were exchanged, down from an average trading volume of 194,859

Zacks Investment Research has downgraded Ultratech, Inc. (NASDAQ:UTEK) to Hold in a report released on 9/22/2016.

Previously on 4/22/2016, Benchmark reported on Ultratech, Inc. (NASDAQ:UTEK) raised the target price from $25.00 to $27.50. At the time, this indicated a possible upside of 0.27%.

See Chart Below

Ultratech, Inc. (NASDAQ:UTEK)

Ultratech, Inc. has a 52 week low of $13.97 and a 52 week high of $26.40 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $22.40 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ultratech, Inc. (NASDAQ:UTEK)

Ultratech, Inc. (Ultratech) develops, manufactures and markets photolithography, laser thermal processing and inspection equipment. The Company operates through the manufacture and distribution of capital equipment to manufacturers of integrated circuits and nanotechnology components segment. The Company serves manufacturers of semiconductor devices, including advanced packaging processes and various nanotechnology components, such as thin film head magnetic recording devices (thin film heads or TFHs), laser diodes, high-brightness light emitting diodes (HBLEDs), as well as atomic layer deposition systems (ALD). The Company supplies step-and-repeat photolithography systems based on one-to-one (1X) imaging technology to customers located throughout North America, Europe and Asia. It offers over two different series of 1X lithography systems for use in the semiconductor fabrication process. The Company offers a family of laser-based thermal annealing tools built on its Unity Platform.

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