Hutchinson Technology Incorporated (HTCH) : Zacks Investment Research ranks Hutchinson Technology Incorporated (HTCH) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 2, which indicates as a Buy.
Hutchinson Technology Incorporated (HTCH) : Currently there are 3 street experts covering Hutchinson Technology Incorporated (HTCH) stock. The most bullish and bearish price target for the stock is $4 and $4 respectively for the short term. The average price target of all the analysts comes to $4. The estimated standard deviation from the target is $0.
Shares of Hutchinson Technology Inc. appreciated by 3.18% during the last five trading days but lost 49.85% on a 4-week basis. Hutchinson Technology Inc. has dropped 54.24% during the last 3-month period . Year-to-Date the stock performance stands at -54.87%. Hutchinson Technology Incorporated (NASDAQ:HTCH): On Tuesdays trading session , Opening price of the stock was $1.64 with an intraday high of $1.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.595. However, the stock managed to close at $1.62, a loss of 0.61% for the day. On the previous day, the stock had closed at $1.63. The total traded volume of the day was 109,445 shares.
Hutchinson Technology Incorporated (HTI) is a manufacturer of suspension assemblies for all sizes and types of hard disk drives. The Company manufactures suspension assemblies for all sizes and types of hard disk drives. Suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks. The Company categorizes its products as either suspension assemblies or other revenue, which consists primarily of revenue outside of the disk drive industry for precision component manufacturing, tool design, tool build and metrology, suspension assembly components, reimbursement for disk drive industry-related engineering services and specific disk drive program capacity and biomeasurement products. During the year ended September 28, 2014, the Company shipped 432 million suspension assemblies of all types, supplying all manufacturers of disk drives and head-gimbal assemblers.