AXT Inc. (AXTI) Trading 1.6% Higher
AXT Inc. (NASDAQ:AXTI)’s share price traded up 1.6% during trading on Friday . The company traded as high as $3.95 and last traded at $3.92, with a volume of 112,776 shares trading hands. The stock had previously closed at $3.86.
A number of equities analysts recently commented on the company. B. Riley restated a “buy” rating and set a $4.80 target price on shares of AXT in a report on Thursday, July 28th. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a report on Tuesday, July 12th. Craig Hallum upgraded AXT from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Finally, Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $4.85.
The stock’s market cap is $126.88 million. The firm has a 50 day moving average of $3.61 and a 200 day moving average of $3.07.
AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $20.50 million for the quarter, compared to analysts’ expectations of $19.97 million. The business’s revenue was down 2.4% on a year-over-year basis. Equities analysts predict 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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