Advanced Semiconductor Engineering Reaches New 52-Week High at $6.49 (ASX)
Advanced Semiconductor Engineering (NYSE:ASX)’s share price reached a new 52-week high on Tuesday , American Banking & Market News reports. The stock traded as high as $6.49 and last traded at $6.43, with a volume of 356,465 shares traded. The stock had previously closed at $6.28.
Several analysts have recently commented on the stock. Analysts at Credit Agricole upgraded shares of Advanced Semiconductor Engineering from an “outperform” rating to a “buy” rating in a research note on Monday, April 28th. Separately, analysts at Societe Generale upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Finally, analysts at Deutsche Bank downgraded shares of Advanced Semiconductor Engineering from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Advanced Semiconductor Engineering presently has an average rating of “Buy”.
The stock’s 50-day moving average is $5.80 and its 200-day moving average is $5.14. The company has a market cap of $9.886 billion and a price-to-earnings ratio of 17.69.
Advanced Semiconductor Engineering, Inc is principally engaged in the manufacture, assembly, processing, testing and distribution of integrated circuits (NYSE:ASX).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.