AXT Inc. (AXTI) Sees Unusually-High Trading Volume
AXT Inc. (NASDAQ:AXTI) shares saw unusually-strong trading volume on Monday . Approximately 187,743 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 141,128 shares.The stock last traded at $3.93 and had previously closed at $3.87.
A number of equities analysts have issued reports on AXTI shares. B. Riley reaffirmed a “buy” rating and issued a $3.90 target price on shares of AXT in a report on Friday, April 29th. TheStreet raised AXT from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Zacks Investment Research raised AXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Craig Hallum raised AXT from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $4.85.
The firm’s 50 day moving average is $3.46 and its 200 day moving average is $3.00. The company’s market capitalization is $127.76 million.
AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $20.50 million for the quarter, compared to the consensus estimate of $19.97 million. AXT’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts expect that AXT Inc. will post $0.13 EPS for the current year.
AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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