StockNews.com cut shares of ASE Technology (NYSE:ASX – Free Report) from a buy rating to a hold rating in a research report released on Friday morning.
ASE Technology Price Performance
Shares of NYSE ASX opened at $10.11 on Friday. The firm’s 50-day moving average price is $10.61 and its 200-day moving average price is $9.34. ASE Technology has a 1-year low of $6.70 and a 1-year high of $11.68. The firm has a market capitalization of $22.15 billion, a P/E ratio of 21.97, a P/E/G ratio of 0.52 and a beta of 1.25. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.
ASE Technology (NYSE:ASX – Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. ASE Technology had a net margin of 5.41% and a return on equity of 10.08%. The firm had revenue of $5.05 billion for the quarter. During the same quarter in the prior year, the company posted $0.23 EPS. Equities research analysts anticipate that ASE Technology will post 0.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ASE Technology
ASE Technology Company Profile
ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.
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