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Siliconware Precisio (NASDAQ:SPIL)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings Network.com reports. The company traded as high as $8.61 and last traded at $8.59, with a volume of 502,882 shares traded. The stock had previously closed at $8.39.

A number of research firms have recently commented on SPIL. Analysts at HSBC upgraded shares of Siliconware Precisio from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 30th. Analysts at Goldman Sachs initiated coverage on shares of Siliconware Precisio in a research note on Wednesday, April 23rd. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Siliconware Precisio has an average rating of “Hold” and an average price target of $5.60.

The stock’s 50-day moving average is $7.93 and its 200-day moving average is $6.83. The company has a market cap of $5.391 billion and a P/E ratio of 19.07.

Siliconware Precision Industries Co, Ltd. is principally engaged in the provision of semiconductor packaging and testing services.

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