Aixtron AG (AIXG) Stock Rating Lowered by Zacks Investment Research
Aixtron AG (NASDAQ:AIXG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “AIXTRON AG is a leading provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed on the Prime Standard market segment of the Frankfurt Stock Exchange and, as American Depositary Shares (ADS), on the NASDAQ GLOBAL MARKET, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index and the Nature Stock Index (NAI). Founded in 1983, the Company is headquartered in Aachen, Germany. “
Separately, DZ Bank AG reiterated a “sell” rating on shares of Aixtron AG in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.67.
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Aixtron AG (NASDAQ:AIXG) traded down 1.72% during midday trading on Tuesday, reaching $6.27. The company had a trading volume of 14,117 shares. The firm has a 50-day moving average of $6.13 and a 200-day moving average of $5.76. The stock’s market cap is $699.72 million. Aixtron AG has a 12 month low of $3.25 and a 12 month high of $8.05.
Aixtron AG (NASDAQ:AIXG) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. Aixtron AG had a negative return on equity of 7.35% and a negative net margin of 16.42%. On average, equities analysts expect that Aixtron AG will post ($0.29) EPS for the current fiscal year.
A hedge fund recently bought a new stake in Aixtron AG stock. Ancora Advisors LLC purchased a new stake in Aixtron AG (NASDAQ:AIXG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,120 shares of the company’s stock, valued at approximately $274,000. Hedge funds and other institutional investors own 0.87% of the company’s stock.
About Aixtron AG
AIXTRON SE (AIXTRON) is a provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a range of customers across the world to build components for electronic and opto-electronic applications based on compound, silicon or organic semiconductor materials.
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