Ultratech Up 12.2% After Hitting 52-Week High (UTEK)

Shares of Ultratech, Inc. UTEK are trading up 12.2% at $22.62 per share during the Friday afternoon trading session. The company announced on Thursday after the market closed that it will release its 4th quarter and fiscal 2010 earnings results before the market opens on Thursday, January 27, 2011. The day's range for shares of Ultratech, Inc has been between $20.29 and a 52-week high of $22.31 per share. The average price target of analysts who cover Ultratech, Inc. (UTEK) is $23.00 per share. Volume of 304,000 shares is already nearly double the daily average volume of 161,000 shares. Ultratech, Inc designs, manufactures and markets photolithography and laser processing equipment. The company's market-leading advanced lithography products deliver high throughput and production yields at a low, overall cost of ownership for bump packaging of integrated circuits and high-brightness LEDs (HB-LEDs). Read more from Benzinga's Company news.