AIXTRON SE Shares Gap Down After Earnings Miss (AIXG)
AIXTRON SE (NASDAQ:AIXG) shares gapped down prior to trading on Wednesday following a weaker than expected earnings announcement, Analyst RN reports. The stock had previously closed at $14.06, but opened at $14.12. AIXTRON SE shares last traded at $14.46, with a volume of 92,962 shares traded.
The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.04. The company had revenue of $46.20 million for the quarter, compared to the consensus estimate of $47.54 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis.
Separately, analysts at DZ Bank AG upgraded shares of AIXTRON SE from a “sell” rating to a “hold” rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.93.
The stock’s 50-day moving average is $14.39 and its 200-day moving average is $15.40. The company’s market cap is $1.617 billion.
Aixtron SE is a provider of deposition equipment to the semiconductor and compound-semiconductor industry.
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