SK hynix Inc. (NASDAQ:SKHY – Get Free Report) shares traded down 7.5% on Monday . The company traded as low as $139.01 and last traded at $143.02. Approximately 49,797,044 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 50,023,223 shares. The stock had previously closed at $154.57.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Barclays assumed coverage on shares of SK hynix in a research report on Tuesday, July 14th. They set an “overweight” rating and a $330.00 price objective on the stock. Wall Street Zen upgraded SK hynix to a “strong-buy” rating in a research report on Saturday, July 18th. Finally, Singular Research raised SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average price target of $330.00.
View Our Latest Report on SK hynix
SK hynix Price Performance
About SK hynix
SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.
The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.
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