Zacks Investment Research downgraded AXT Inc (NASDAQ:AXTI) to Hold in a report released today.
- Updated: September 17, 2016
Yesterday AXT Inc (NASDAQ:AXTI) traded 6.98% higher at $4.02. AXT Inc’s 50-day average is $4.04 and its 200-day average is $3.27. With the last stock close up 45.36% from the two hundred day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same period. 1,446,441 shares of the stock traded hands, up from ann average volume of 128,238.
Zacks Investment Research has downgraded AXT Inc(NASDAQ:AXTI) to Hold in a statement released Friday August 19 2016.
Recent Performance Graph:
A total of 3 brokers have issued a ratings update on the company. Zero rate the company a strong buy, two firms rate the company a buy, two firms rate the company a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the company as sell with a one year target of $3.55
With a market capitalization of $0.0, AXT Inc has a one-year low of $1.90 and a 52 week high of $4.95 with a price-earnings ratio of 0.
About 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), and Gallium Arsenide (GaAs) and Germanium (Ge) ingots used to produce wafers for diverse electronic and optoelectronic device and circuit applications.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.