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

Shares of AXT Inc (NASDAQ:AXTI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.78 and traded as high as $2.23. AXT shares last traded at $2.17, with a volume of 484,690 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXTI. Wall Street Zen upgraded AXT to a "sell" rating in a research report on Friday, April 25th. B. Riley decreased their target price on shares of AXT from $6.00 to $4.50 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Wedbush restated an "outperform" rating and set a $4.50 price target on shares of AXT in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $4.75.

AXT Trading Up 3.0%

The stock has a market capitalization of $95.30 million, a P/E ratio of -4.86 and a beta of 1.98. The company has a 50-day moving average price of $1.64 and a two-hundred day moving average price of $1.77.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in AXT in the fourth quarter worth $54,000. Pacific Ridge Capital Partners LLC grew its stake 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 valued at $4,204,000 after buying an additional 766,122 shares during the period. Wedbush Securities Inc. raised its stake in AXT by 71.9% during the 4th quarter. Wedbush Securities Inc. now owns 35,237 shares of the semiconductor company's stock worth $76,000 after buying an additional 14,737 shares during the period. Kennedy Capital Management LLC boosted its holdings in AXT by 13.1% in the fourth quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company's stock worth $1,987,000 after acquiring an additional 106,121 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in AXT in the fourth quarter worth approximately $145,000. Institutional investors and hedge funds own 49.52% of the company's stock.

AXT Company Profile

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.