Zacks Investment Research downgraded Advanced Semiconductor Engineering (ADR) (NYSE:ASX) to Hold in a report released today.
- Updated: September 28, 2016
Zacks Investment Research has downgraded Advanced Semiconductor Engineering (ADR) (NYSE:ASX) to Hold in a report released on Wednesday September 28, 2016.
Just yesterday Advanced Semiconductor Engineering (ADR) (NYSE:ASX) traded -0.17% lower at $5.92. Advanced Semiconductor Engineering (ADR)’s 50-day moving average is $6.00 and its 200-day moving average is $5.59. The last stock price is up 5.94% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 366,625 shares of ASX traded hands, down from an average trading volume of 679,611
Recent Performance Chart
Advanced Semiconductor Engineering (ADR) has 52 week low of $4.39 and a 52 week high of $6.23 with a PE ratio of 15.79 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $6.41 with 2 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Advanced Semiconductor Engineering (ADR) (NYSE:ASX)
Advanced Semiconductor Engineering, Inc. is a provider of semiconductor packaging and testing services. The Company offers a range of semiconductors packaging, testing and electronic manufacturing services (EMS). The Company's segments include Packaging, Testing, EMS and Others. The Company provides services in packaging bare semiconductors into finished semiconductors with a range of electrical and thermal characteristics, as well as testing services, including front-end engineering testing, wafer probing and final testing services. It also sells goods from EMS. The Company engages in other activities, such as substrate production and real estate business. It provides integrated solutions for EMS in relation to computers, peripherals, communications, industrial, automotive, and storage and server applications. The Company provides front-end engineering testing services, including customized software development, electrical design validation, and reliability and failure analysis.
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