Aixtron SE/ADR (OTCMKTS:AIIXY) Shares Gap Down – What’s Next?

Aixtron SE/ADR (OTCMKTS:AIIXY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $88.21, but opened at $77.26. Aixtron SE/ADR shares last traded at $77.26, with a volume of 220 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered Aixtron SE/ADR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Aixtron SE/ADR currently has an average rating of “Sell”.

Aixtron SE/ADR Stock Down 6.0%

The stock’s fifty day simple moving average is $85.38 and its 200-day simple moving average is $99.70.

About Aixtron SE/ADR

Aixtron SE is a Germany-based manufacturer of deposition equipment used to produce compound semiconductors and other advanced materials. The company develops and supplies systems based on technologies such as metal-organic chemical vapor deposition (MOCVD), chemical vapor deposition and atomic layer deposition for use in semiconductor manufacturing.

Aixtron’s equipment supports the production of materials including gallium nitride (GaN), silicon carbide (SiC), gallium arsenide and other compound-semiconductor materials.