Investors Update: Ultra Clean Holdings (NASDAQ:UCTT)

Ultra Clean Holdings (NASDAQ:UCTT) reported change of -0.47% to $10.57 with the recent traded volume of 779219 shares in most recent trading session compared to an average volume of 664K. The stock was changed with 0.96% over last five days period.

 The one month performance of stock was noted at -7.85%. UCTT’s shares are moving at 40.00% for the quarter and managed a -46.64% return over the course of the past year and is now at 24.79% since this point in 2018. 

Ultra Clean Holdings, Inc. (NASDAQ:UCTT), declared that the company has enhanced its executive team by appointing Vijayan Chinnasami as Chief Operating Officer.

Mr. Chinnasami has spent more than 25 years directing multi-billion-dollar manufacturing operations in the US, Latin America, Europe and Asia. Most recently, Vijay held the role of Senior Vice President, EMS Operations for Jabil Circuit, and prior to that, held similar roles at MEMC, Flextronics and Sony. Vijay has successfully overseen manufacturing product integration, development and operations processes, and has implemented disciplines designed to maximize supply chain and manufacturing efficiencies on a global scale. As COO based in Singapore, Mr. Chinnasami will help to enrich the technology and service solutions that UCT’s semiconductor customers need to win in their marketplaces.

“We believe that Vijay’s operational roles with global capital equipment and service companies makes him particularly well-qualified to help UCT extend its market leadership position by applying disciplines that will enable us to scale our operations effectively,” said Jim Scholhamer, CEO. “His expertise in improving operational efficiencies, predictability and reliability will assist in reducing overall operating costs that should drive improved profitability.”

Mr. Chinnasami holds a Bachelor in Production Engineering from Swinburne University of Technology Victoria in Australia. Vijay is fluent in four languages and will be based out of UCT’s Singapore office, strategically close to major IDM and OEM customers.

 The stock beta value is 1.18. UCTT stock changed at -13.42% distance from its 200-day moving average. On a similar note, the stock marked distance of -3.66% from its 50-day moving average and moved 0.19% away from its 20-day moving average. The average volatility for the week and month was at 4.69% and 4.49% respectively. Its quarter to quarter sales remained -3.50% and sales observed at 18.00% over past 5 years. The company holds 40.85 million shares outstanding and 38.12 million shares are floated in market.

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