Samsung Electronics (OTCMKTS:SSNLF) Reaches New 12-Month High - Here's Why

Key Points

• Samsung Electronics hit a new 52-week high of $140.00 during mid-day trading, a level far above its 50-day ($65.21) and 200-day ($60.57) moving averages.
• Several brokerages recently upgraded the stock—Susquehanna to Strong Buy and Erste to Buy—and MarketBeat shows an average rating of Buy; the company has a market cap of $18.07 billion and a P/E of 52.24.

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $140.00 and last traded at $140.00, with a volume of 1 shares traded. The stock had previously closed at $140.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSNLF. Susquehanna upgraded Samsung Electronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 20th. Erste Group Bank upgraded Samsung Electronics from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy".

Samsung Electronics Price Performance

The firm has a market capitalization of $18.07 billion, a P/E ratio of 52.24 and a beta of 0.88. The firm has a 50-day moving average price of $65.21 and a two-hundred day moving average price of $60.57.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.

In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.

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