United Micro Electronics ADR (NYSE: UMC) – Time For Strategy Change?

United Micro Electronics ADR (NYSE:UMC) currently has a daily average trading volume of 12.25M but it saw 9030305 shares traded in last market. With a market cap of 16.76B USD, the company’s current market price of $6.69 came falling about -2.34 while comparing to the previous closing price of $6.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.00 and as low as $6.71. In the recent trading on the day, stock has struck highest price mark of $6.65 while lowest mark touched by it was $6.77.

Taking a look at 20-day trading activity of United Micro Electronics ADR (UMC) gives us an average price of $6.93, while its current price level is -25.67% below from 52-week high level whereas it is -0.30% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.63 while that of 200 days or SMA-200 reads an average of $8.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.82% during that period while stretching the period over a month that increases to 2.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.65 which implies that the stock is in neutral territory.

Over the week, UMC’s stock price is moving -1.62% down while it is -9.72% when we observe its performance for the past one month. Year-to-date it is -20.92% down and over the past year, the stock is showing a downside performance of -14.45%.

Currently, United Micro Electronics ADR’s total number of outstanding shares is 2.51B. Company’s return on investment (ROI) stands at 11.87% and return on equity (ROE) at 14.43%. It has a price to earnings ratio (P/E ratio) of 10.36 while having a 10.64 of forward P/E ratio. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 1.44 while price to sale or P/S ratio amounts to 2.36. Its return on asset (ROA) is 9.23% on average.