Does United Micro Electronics ADR (NYSE: UMC) Need To Rethink Its Strategy?

United Micro Electronics ADR (NYSE:UMC) price is hovering lower on Tuesday, April 16, dropping -1.98% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $7.82. The company’s P/E ratio in the trailing 12-month period read 9.82. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.97 and 52-week low of $6.71. The stock subtracted -4.43% on its value in the past month.

United Micro Electronics ADR, which has a market valuation of $19.21 billion. The company stock has a Forward Dividend ratio of 0.58, while the dividend yield is 7.51%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give UMC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 25% Buy, while an average of long term indicators are currently assigning the stock as Hold.

The overview shows that UMC’s price is at present -5.56% off the SMA20 and -3.86% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 36.96, with weekly volatility standing at 2.13%. The indicator jumps to 1.78% when calculated based on the past 30 days. United Micro Electronics ADR (NYSE:UMC)’s beta value is holding at 1.14, while the average true range (ATR) indicator is currently reading 0.18.

An analysis of the United Micro Electronics ADR (NYSE:UMC) stock in terms of its daily trading volume indicates that the 3-month average is 7.73 million.

Current records show that the company has 2.51B in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 4.99%. But the -9.40% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

Most Popular