Advanced Semiconductor Engineering (ASX) : Traders are bullish on Advanced Semiconductor Engineering (ASX) as it has outperformed the S&P 500 by a wide margin of 5.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.34% in the last 1 week, and is up 5.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.16% and the fifty day Moving Average is 5.33%. Advanced Semiconductor Engineering Inc. is up 4.84% in the last three month period. Year-to-Date the stock performance stands at 6.88%.
Advanced Semiconductor Engineering (NYSE:ASX): On Fridays trading session , Opening price of the stock was $6.08 with an intraday high of $6.1225. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.01. However, the stock managed to close at $6.06, a loss of 0.33% for the day. On the previous day, the stock had closed at $6.08. The total traded volume of the day was 330,345 shares.
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.