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

AXT logo with Computer and Technology background

AXT Inc (NASDAQ:AXTI - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.78 and traded as high as $2.17. AXT shares last traded at $2.15, with a volume of 185,468 shares changing hands.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on AXT

AXT Trading Up 3.9%

The firm's 50-day moving average is $1.73 and its 200 day moving average is $1.78. The firm has a market capitalization of $108.07 million, a price-to-earnings ratio of -5.51 and a beta of 2.07.

AXT (NASDAQ:AXTI - Get Free Report) last posted 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%. Analysts predict that AXT Inc will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in AXT during the 1st quarter worth approximately $31,000. Virtu Financial LLC bought a new position in AXT during the 4th quarter worth approximately $54,000. Jane Street Group LLC bought a new position in AXT during the 4th quarter worth approximately $60,000. Man Group plc bought a new position in AXT during the 4th quarter worth approximately $67,000. Finally, Wedbush Securities Inc. raised its holdings 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 purchasing an additional 14,737 shares during the last quarter. Institutional investors own 49.52% of the company's stock.

About AXT

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in AXT Right Now?

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