Samsung Electronics (OTCMKTS:SSNLF) Trading 9% Higher - Here's What Happened

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF - Get Free Report) shot up 9% during mid-day trading on Thursday . The stock traded as high as $42.33 and last traded at $42.33. 1 shares were traded during trading, a decline of 99% from the average session volume of 100 shares. The stock had previously closed at $38.83.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of Samsung Electronics from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 3rd.

Samsung Electronics Stock Performance

The company's 50-day moving average is $39.40 and its 200-day moving average is $40.18. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 15.79 and a beta of 0.88.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The company offers smartphones, tablets, watches, and accessories; TVs, projectors, and sound devices; home appliances, including refrigerators, washing machines and dryers, vacuum cleaners, cooking appliances, dishwashers, air conditioners, and air purifiers; monitors and memory storage products; displays, and smart and LED signages; and other accessories.