Amkor Technology (AMKR) : Analyst Rating Update

Amkor Technology (AMKR) has an average broker rating of 3, which is interpreted as a Hold, as rated by 1 equity analysts. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Amkor Technology (NASDAQ:AMKR): The stock opened at $5.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.65 for the day. The stock traded down to $5.51 during the day, due to lack of any buying support eventually closed down at $5.60 with a loss of -0.53% for the day. The stock had closed at $5.63 on the previous day. The total traded volume was 503,463 shares.

Also, Brokerage firm Citigroup downgrades its rating on Amkor Technology (NASDAQ:AMKR). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 25, 2016. The company shares have dropped -3.60% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $7.05 and the one year low was seen on Jul 28, 2015. The 50-Day Moving Average price is $6.03 and the 200 Day Moving Average price is recorded at $5.68.

Amkor Technology, Inc. (Amkor) is a provider of outsourced semiconductor packaging and test services. The Companys packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focuses on the semiconductor design process and manufacturing process.

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