Zacks Investment Research downgraded AXT Inc (NASDAQ:AXTI) to Hold in a report released today.
- Updated: March 20, 2017
Just yesterday AXT Inc (NASDAQ:AXTI) traded 3.60% higher at $5.55. AXT Inc’s 50-day moving average is $6.64 and its 200-day moving average is $5.50. The last stock price is up 4.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 2,267,430 shares of AXTI traded hands, up from an average trading volume of 642,836
Zacks Investment Research has downgraded AXT Inc (NASDAQ:AXTI) to Hold in a report released on 3/20/2017.
Recent Performance Chart
AXT Inc has 52 week low of $2.43 and a 52 week high of $8.65 with a PE ratio of 33.82 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 $3.55 with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On AXT Inc (NASDAQ:AXTI)
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. The Company provides alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. Its compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). Its single element substrates are made from germanium (Ge). The Company uses its Vertical Gradient Freeze (VGF) technique for growing single crystal Indium Phosphide (InP), Gallium Arsenide (GaAs) and Germanium (Ge) ingots used to produce wafers for diverse electronic and optoelectronic device and circuit applications.
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