AXT Inc. (AXTI) Sees Large Volume Increase
AXT Inc. (NASDAQ:AXTI) saw an uptick in trading volume on Monday . 150,031 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 83,545 shares.The stock last traded at $3.52 and had previously closed at $3.52.
A number of research firms have recently issued reports on AXTI. Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Tuesday, July 12th. Craig Hallum raised shares of AXT from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. B. Riley reissued a “buy” rating and issued a $4.00 price target on shares of AXT in a research note on Wednesday, May 4th. Finally, TheStreet raised shares of AXT from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th.
The firm’s 50-day moving average price is $3.37 and its 200 day moving average price is $2.91. The firm’s market capitalization is $114.88 million.
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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