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ChipMOS Technologies (Bermuda) (NASDAQ:IMOS) shares hit a new 52-week high during mid-day trading on Wednesday , American Banking & Market News reports. The stock traded as high as $24.20 and last traded at $24.16, with a volume of 331,268 shares. The stock had previously closed at $23.83.

IMOS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of ChipMOS Technologies (Bermuda) from a “neutral” rating to an “underperform” rating in a research note on Monday, May 19th. They now have a $20.10 price target on the stock. Separately, analysts at Credit Agricole initiated coverage on shares of ChipMOS Technologies (Bermuda) in a research note on Friday, April 11th. They set a “buy” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of ChipMOS Technologies (Bermuda) in a research note on Thursday, April 10th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.55.

The stock has a 50-day moving average of $21.66 and a 200-day moving average of $20.6. The company has a market cap of $715.8 million and a P/E ratio of 16.78.

ChipMOS Technologies (Bermuda) (NASDAQ:IMOS) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 earnings per share for the quarter. The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $160.60 million.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) LTD (ChipMOS Bermuda) is a holding company.

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