Samsung Electronics (OTCMKTS:SSNLF) Hits New 1-Year High – Here’s What Happened

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) shares hit a new 52-week high on Friday . The company traded as high as $65.21 and last traded at $65.21, with a volume of 1531 shares changing hands. The stock had previously closed at $38.8319.

Analyst Ratings Changes

Separately, Macquarie upgraded Samsung Electronics from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Samsung Electronics Stock Up 67.9%

The firm has a fifty day moving average of $42.33 and a 200-day moving average of $41.53. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 24.33 and a beta of 0.88.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The company offers smartphones, tablets, watches, and accessories; TVs, projectors, and sound devices; home appliances, including refrigerators, washing machines and dryers, vacuum cleaners, cooking appliances, dishwashers, air conditioners, and air purifiers; monitors and memory storage products; displays, and smart and LED signages; and other accessories.