ASX (OTCMKTS:ASXFY) Hits New 1-Year High – What’s Next?

Shares of ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY – Get Free Report) hit a new 52-week high during trading on Thursday. The company traded as high as $45.75 and last traded at $45.75, with a volume of 1,360 shares trading hands. The stock had previously closed at $45.05.

Wall Street Analyst Weigh In

Separately, Zacks Research raised ASX from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, ASX currently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

View Our Latest Analysis on ASX

ASX Stock Up 1.5%

The company has a 50-day simple moving average of $40.89 and a two-hundred day simple moving average of $39.43.

ASX Company Profile

(Get Free Report)

ASE Technology Holding Co, Ltd. is a Taiwan-based semiconductor manufacturing services company. Through its subsidiaries, including Advanced Semiconductor Engineering, Inc (ASE) and Siliconware Precision Industries Co, Ltd. (SPIL), the company provides outsourced semiconductor assembly and test (OSAT) services to chip manufacturers and electronics companies.

Its services include wafer probing, wafer bumping, chip assembly, packaging, final testing and electronic manufacturing services.

Further Reading

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