Advanced Semiconductor Engineering (ASX) Announces Quarterly Results
Advanced Semiconductor Engineering (NYSE:ASX) issued its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, AnalystRatingsNetwork.com reports.
Advanced Semiconductor Engineering (NYSE:ASX) traded up 1.49% on Wednesday, hitting $6.12. 93,676 shares of the company’s stock traded hands. Advanced Semiconductor Engineering has a one year low of $3.96 and a one year high of $6.89. The stock has a 50-day moving average of $6.50 and a 200-day moving average of $5.68. The company has a market cap of $9.353 billion and a P/E ratio of 16.99.
On a related note, analysts at JPMorgan Chase & Co. downgraded shares of Advanced Semiconductor Engineering from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Advanced Semiconductor Engineering has a consensus rating of “Buy”.
Advanced Semiconductor Engineering, Inc is principally engaged in the manufacture, assembly, processing, testing and distribution of integrated circuits (NYSE:ASX).
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