Hutchinson Technology Sets New 12-Month High at $4.50 (HTCH)
Hutchinson Technology (NASDAQ:HTCH) shares reached a new 52-week high on Tuesday , Analyst RN reports. The company traded as high as $4.50 and last traded at $4.49, with a volume of 676,781 shares trading hands. The stock had previously closed at $4.22.
Separately, analysts at Craig Hallum upgraded shares of Hutchinson Technology from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $5.50 price target on the stock, up previously from $3.50.
The stock has a 50-day moving average of $2.67 and a 200-day moving average of $2.75. The company’s market cap is $119.5 million.
Hutchinson Technology (NASDAQ:HTCH) last announced its earnings results on Friday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.34) by $0.02. The company had revenue of $59.80 million for the quarter, compared to the consensus estimate of $60.32 million. During the same quarter last year, the company posted ($0.41) earnings per share. Hutchinson Technology’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Hutchinson Technology will post $-1.08 EPS for the current fiscal year.
Hutchinson Technology Incorporated (NASDAQ:HTCH) is a global technology company engaged in developing solutions to customer problems.
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