AXT Inc. (AXTI) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.04 to $2.25 in the past one-month time frame.
The company has seen a no estimate revision over the past few 30 days and the Zacks Consensus Estimate has not been in a trend either. Friday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
AXT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the electronics computer-semiconductor industry include Silicon Motion Technology Corp. (SIMO), NVE Corp. (NVEC) and Avago Technologies Limited (AVGO). While Silicon Motion Technology and NVE sport a Zacks Rank #1 (Strong Buy), Avago Technologies has a Zacks Rank #2 (Buy).
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