ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares traded 0.74% higher at $10.94 on Wall Street last session.
ASX stock price is now 2.21% away from the 50-day moving average and 20.73% away from the 200-day moving average. The market capitalization of the company currently stands at $23.63B.
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With the price target enhanced from $6.60 to $9.20, Goldman Upgraded its rating from Neutral to Buy for ASE Technology Holding Co.Ltd ADR (NYSE: ASX). On June 28, 2023, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $6.47, while ‘China Renaissance’ rates the stock as ‘Hold’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, ASE Technology Holding Co.Ltd ADR has had a low of $7.20 and a high of $11.68. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.19, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $167429668864, which is based on a 23.91 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for ASX is $10.6952 and a two-hundred day moving average price translates $9.0772 for the stock.
The latest earnings results from ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was released for 2024-03-31. According to the Semiconductors Company, earnings per share came in at 0.11, beating analysts’ expectations of 0.09 by 0.02. This compares to $0.09 EPS in the same period last year. The net profit margin was 5.41% and return on equity was 11.17% for ASX. The company reported revenue of $4.22 billion for the quarter, compared to $4.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.93 percent. For the current quarter, analysts expect ASX to generate $4.52B in revenue.
