Advanced Semiconductor Engineering (ASX) : Analyst Rating Update

Advanced Semiconductor Engineering (ASX) : 2 analysts are covering Advanced Semiconductor Engineering (ASX) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock.

Advanced Semiconductor Engineering (NYSE:ASX): The stock opened at $5.27 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.38 for the day. The stock traded down to $5.27 during the day, due to lack of any buying support eventually closed down at $5.35 with a loss of -0.93% for the day. The stock had closed at $5.40 on the previous day. The total traded volume was 450,469 shares.

Also, Equity Analysts at the UBS upgrades the rating on Advanced Semiconductor Engineering (NYSE:ASX). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 31, 2016. The company shares have dropped -14.42% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $6.66 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $5.35 and the 200 Day Moving Average price is recorded at $5.38.

Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging and testing services. The Company packages bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics, provides testing services, including front-end engineering testing, wafer probing and final testing services, and provides electronics manufacturing services. It also engages in other activities, such as substrate production and real estate business. The Company operates through the following segments: Packaging, Testing and Electronic Manufacturing Services. The Company offers a range of package types to meet the requirements of its customers, with a focus on advanced packaging solutions. The Company provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, testing and test-related services. It provides integrated solutions for electronic manufacturing services.

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