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Why AXT's Stock Is Trading Lower Today

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AXT (NASDAQ: AXTI) shares are trading lower on Tuesday after B. Riley FBR downgraded the stock from Buy to Neutral and announced a price target of $6.60 per share.

AXT is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon.

AXT shares traded down 7.79% to $6.04 on Tuesday. The stock has a 52-week high of $6.74 and a 52-week low of $1.85.

Latest Ratings for AXTI

DateFirmActionFromTo
Nov 2020BWS FinancialMaintainsBuy
Oct 2020B. Riley FBRDowngradesBuyNeutral
Apr 2020B. Riley FBRMaintainsBuy

View More Analyst Ratings for AXTI
View the Latest Analyst Ratings

 

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Posted-In: why it's movingDowngrades Analyst Ratings

Latest Ratings

StockFirmActionPT
STZUBSMaintains238.0
ZMRBC CapitalMaintains550.0
ZMStifelMaintains450.0
ZMJP MorganMaintains450.0
DISUBSMaintains155.0
View the Latest Analytics Ratings
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