Aixtron (OTCMKTS:AIXXF) Shares Climb 3.1% – Here’s What Happened

Aixtron Se (OTCMKTS:AIXXF)’s share price rose 3.1% during mid-day trading on Friday. The company traded as high as $42.76 and last traded at $41.50. 2,757 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 8,043 shares. The stock had previously closed at $40.26.

Aixtron Stock Performance

The company has a 50 day simple moving average of $43.03 and a 200 day simple moving average of $49.85.

About Aixtron

Aixtron SE is a Germany-based manufacturer of deposition equipment used to produce advanced semiconductor materials. The company develops and supplies systems for depositing thin semiconductor layers, particularly through metal-organic chemical vapor deposition (MOCVD) and related technologies.

Its equipment is used in the manufacture of compound semiconductors, including gallium nitride, silicon carbide and gallium arsenide devices. These materials support applications such as power electronics, radio-frequency communications, light-emitting diodes, lasers, optoelectronics and other components used in electric vehicles, renewable energy systems, data centers and consumer electronics.

Founded in 1983, Aixtron is headquartered in Herzogenrath, Germany, and serves semiconductor manufacturers and research institutions internationally.