Hutchinson Technology Inc. (HTCH) Stock Price Down 0.3%
Hutchinson Technology Inc. (NASDAQ:HTCH) was down 0.3% during trading on Friday . The company traded as low as $3.21 and last traded at $3.29, with a volume of 56,652 shares. The stock had previously closed at $3.30.
Separately, Zacks Investment Research upgraded Hutchinson Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th.
The stock’s market capitalization is $111.92 million. The stock has a 50 day moving average of $3.57 and a 200 day moving average of $3.62.
Hutchinson Technology (NASDAQ:HTCH) last announced its earnings results on Wednesday, April 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.03. The business earned $54.16 million during the quarter, compared to analyst estimates of $56.25 million. During the same quarter last year, the firm earned ($0.28) earnings per share. The business’s revenue was down 13.1% on a year-over-year basis. On average, equities research analysts expect that Hutchinson Technology Inc. will post ($0.74) EPS for the current year.
Hutchinson Technology Incorporated is a global supplier of critical precision component technologies. The Company is engaged in manufacturing suspension assemblies for all sizes and types of hard disk drives. Suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks.
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