AXT (NASDAQ:AXTI) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

AXT Inc (NASDAQ:AXTI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.78 and traded as high as $2.50. AXT shares last traded at $2.32, with a volume of 394,143 shares trading hands.

Analyst Upgrades and Downgrades

AXTI has been the topic of a number of recent analyst reports. B. Riley decreased their price objective on shares of AXT from $4.50 to $4.30 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Wedbush restated an "outperform" rating and issued a $4.50 target price on shares of AXT in a research report on Tuesday, April 29th. Finally, Wall Street Zen upgraded shares of AXT to a "sell" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, AXT presently has an average rating of "Moderate Buy" and an average price target of $4.70.

AXT Stock Down 5.4%

The firm's 50 day simple moving average is $1.96 and its two-hundred day simple moving average is $1.79. The stock has a market capitalization of $108.76 million, a P/E ratio of -5.59 and a beta of 2.07.

AXT (NASDAQ:AXTI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.07). AXT had a negative return on equity of 8.54% and a negative net margin of 19.10%. As a group, equities research analysts expect that AXT Inc will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On AXT

Several institutional investors and hedge funds have recently modified their holdings of AXTI. Pacific Ridge Capital Partners LLC lifted its position in shares of AXT by 65.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,937,424 shares of the semiconductor company's stock worth $4,204,000 after purchasing an additional 766,122 shares during the period. Point72 Asset Management L.P. purchased a new position in AXT during the 4th quarter valued at about $628,000. Jacobs Levy Equity Management Inc. lifted its position in AXT by 75.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 530,269 shares of the semiconductor company's stock valued at $748,000 after acquiring an additional 227,333 shares during the period. GSA Capital Partners LLP lifted its position in AXT by 43.2% during the 1st quarter. GSA Capital Partners LLP now owns 533,264 shares of the semiconductor company's stock valued at $752,000 after acquiring an additional 160,858 shares during the period. Finally, Kennedy Capital Management LLC lifted its position in AXT by 13.1% during the 4th quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company's stock valued at $1,987,000 after acquiring an additional 106,121 shares during the period. 49.52% of the stock is owned by hedge funds and other institutional investors.

About AXT

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.