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.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.