AXTI Trading At 52-Week High

Shares of AXT Inc. (AXTI) rose 9 percent to $10.09 after gaining as much as 11.5 percent, the most intraday since Dec. 3, during the Tuesday afternoon trading session. The security has more then tripled from 52-week lows of $2.65 [printed Feb. 5,2010] and the stock is up 200% from the peak of the panic selling over the last 10 months.

The day’s range for shares of AXT Inc has been between $9.15 and a 52-week high of $10.05 per share. The stock currently trades at a trailing P/E of 19.49, a forward multiple of 14.52 and a P/E to Growth ratio of 0.56. More than 1.3 million shares have already traded hands compared to a daily average of around 551K.

In the past year, AXTI has hit a 52-week low of $9.15 and 52-week high of $10.05.

At last check, AXT Inc. was up 95 cents, or 10.29%, to $10.18.

About Ron Haruni 1036 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

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