Chipmos Technologies Ltd. (IMOS) Sees Strong Trading Volume
Chipmos Technologies Ltd. (NASDAQ:IMOS) saw unusually-strong trading volume on Tuesday . Approximately 147,715 shares were traded during mid-day trading, an increase of 86% from the previous session’s volume of 79,467 shares.The stock last traded at $17.49 and had previously closed at $17.31.
Separately, Zacks Investment Research cut Chipmos Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th.
The firm has a market cap of $478.38 million and a P/E ratio of 23.11. The firm’s 50 day moving average price is $17.86 and its 200-day moving average price is $17.60.
Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.11. The firm had revenue of $146.80 million for the quarter, compared to the consensus estimate of $140.25 million. On average, equities analysts predict that Chipmos Technologies Ltd. will post $0.42 EPS for the current year.
A hedge fund recently raised its stake in Chipmos Technologies stock. Morgan Stanley raised its position in Chipmos Technologies Ltd. (NASDAQ:IMOS) by 293.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 483,828 shares of the company’s stock after buying an additional 360,872 shares during the period. Morgan Stanley owned about 1.72% of Chipmos Technologies worth $9,580,000 at the end of the most recent reporting period.
ChipMOS TECHNOLOGIES (Bermuda) LTD. is a provider of semiconductor testing and assembly services. The Company is a provider of testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan and for memory and logic/mixed-signal products in Taiwan and Mainland China.
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