Hutchinson Technology Inc. (HTCH) Stock Price Down 0.3%
Shares of Hutchinson Technology Inc. (NASDAQ:HTCH) traded down 0.3% during mid-day 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 cut Hutchinson Technology from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd.
The stock’s market capitalization is $111.92 million. The stock has a 50 day moving average price of $3.57 and a 200 day moving average price of $3.62.
Hutchinson Technology (NASDAQ:HTCH) last announced its quarterly earnings data 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 company earned $54.16 million during the quarter, compared to analysts’ expectations of $56.25 million. During the same period in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was down 13.1% on a year-over-year basis. On average, equities analysts expect that Hutchinson Technology Inc. will post ($0.74) earnings per share for the current fiscal 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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