AXT Inc. (AXTI) Sees Unusually-High Trading Volume
Shares of AXT Inc. (NASDAQ:AXTI) saw an uptick in trading volume on Monday . 182,011 shares changed hands during trading, an increase of 4% from the previous session’s volume of 174,423 shares.The stock last traded at $4.00 and had previously closed at $3.96.
A number of research analysts recently issued reports on AXTI shares. B. Riley restated a “buy” rating and set a $4.80 price objective on shares of AXT in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating and set a $3.50 price objective for the company in a report on Wednesday, May 4th. Finally, Craig Hallum upgraded shares of AXT from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $4.85.
The firm’s 50-day moving average is $3.65 and its 200-day moving average is $3.10. The company’s market capitalization is $128.80 million.
AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company earned $20.50 million during the quarter, compared to analyst estimates of $19.97 million. The business’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts expect that AXT Inc. will post $0.13 EPS for the current fiscal 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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