AXT (NASDAQ:AXTI - Get Free Report) posted its earnings results on Thursday. The semiconductor company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07), Zacks reports. AXT had a negative net margin of 11.70% and a negative return on equity of 5.27%.
AXT Trading Up 3.0 %
AXTI stock opened at $1.39 on Friday. The business's fifty day moving average price is $1.46 and its 200 day moving average price is $1.93. AXT has a 12-month low of $1.13 and a 12-month high of $4.23. The company has a market capitalization of $63.38 million, a PE ratio of -4.96 and a beta of 1.96.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $5.00 price objective on shares of AXT in a report on Friday, February 21st. StockNews.com upgraded AXT to a "sell" rating in a research report on Friday, April 25th. Wedbush reiterated an "outperform" rating and set a $4.50 price target on shares of AXT in a report on Tuesday. Finally, B. Riley reduced their price objective on shares of AXT from $6.00 to $4.50 and set a "buy" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.75.
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About AXT
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AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.
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