AXT Inc (AXTI) is Upgraded by Craig Hallum to Buy

AXT Inc (AXTI) was Upgraded by Craig Hallum to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Craig Hallum advised their investors in a research report released on May 3, 2016.

On the company’s financial health, AXT Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.02. The company had revenue of $18.10 million for the quarter, compared to analysts expectations of $17.52 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

AXT Inc opened for trading at $2.64 and hit $2.7 on the upside on Monday, eventually ending the session at $2.65, with a gain of 3.11% or 0.08 points. The heightened volatility saw the trading volume jump to 36,229 shares. Company has a market cap of $86 M.

AXT Inc. (AXT) is a developer and producer of compound and single element semiconductor substrates. Through its subsidiaries the Company manufactures its semiconductor substrates using the vertical gradient freeze (VGF) technology. AXT manufactures its products in the People’s Republic of China (PRC). The Company’s compound substrates combine gallium with arsenic (GaAs) or combine indium with phosphorous (InP). Its single-element substrates are made from germanium (Ge). The Company designs develops manufactures and distributes high-performance semiconductor substrates also known as wafers. The Company’s substrate products include GaAs (semi-insulating) GaAs (semi-conducting) InP and Ge which is used in Satellite and terrestrial solar cells and Optical applications.


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