Aixtron SE/ADR (OTCMKTS:AIIXY) Shares Gap Down – Here’s Why

Aixtron SE/ADR (OTCMKTS:AIIXY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $88.21, but opened at $82.20. Aixtron SE/ADR shares last traded at $82.20, with a volume of 346 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Aixtron SE/ADR from a “hold” rating to a “strong sell” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Aixtron SE/ADR presently has a consensus rating of “Sell”.

Aixtron SE/ADR Price Performance

The business has a fifty day moving average of $85.49 and a 200-day moving average of $99.57.

Aixtron SE/ADR Company Profile

Aixtron SE is a Germany-based manufacturer of deposition equipment used to produce compound semiconductors and other advanced materials. The company develops and supplies systems based on technologies such as metal-organic chemical vapor deposition (MOCVD), chemical vapor deposition and atomic layer deposition for use in semiconductor manufacturing.

Aixtron’s equipment supports the production of materials including gallium nitride (GaN), silicon carbide (SiC), gallium arsenide and other compound-semiconductor materials.