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

Aixtron SE/ADR (OTCMKTS:AIIXY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $64.00, but opened at $71.00. Aixtron SE/ADR shares last traded at $71.00, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Aixtron SE/ADR from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Aixtron SE/ADR Stock Performance

The business’s 50 day simple moving average is $77.59 and its two-hundred day simple moving average is $87.93.

About Aixtron SE/ADR

AIXTRON SE is a Germany-based supplier of deposition equipment used to manufacture compound semiconductor materials. Its systems grow thin crystalline layers on semiconductor wafers, a process known as epitaxy, and are used in production for applications including power electronics, optoelectronics and wireless communications.

The company’s product portfolio includes equipment for materials such as gallium nitride, silicon carbide and other compound semiconductors. These materials are used in products ranging from power-conversion components and radio-frequency devices to lasers and light-emitting diodes.

Founded in 1983, AIXTRON is headquartered in Herzogenrath, Germany, and serves customers internationally through its sales and service operations.