Hutchinson Technology Incorporated (HTCH) : The consensus on Hutchinson Technology Incorporated (HTCH) based on 2 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Company shares have received an average consensus rating of Hold for the current week
Hutchinson Technology Incorporated (NASDAQ:HTCH): The stock opened at $1.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.45 for the day. The stock traded down to $1.32 during the day, due to lack of any buying support eventually closed down at $1.38 with a loss of -6.12% for the day. The stock had closed at $1.47 on the previous day. The total traded volume was 841,914 shares.
Hutchinson Technology Incorporated (HTI) is a manufacturer of suspension assemblies for all sizes and types of hard disk drives. The Company manufactures suspension assemblies for all sizes and types of hard disk drives. Suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks. The Company categorizes its products as either suspension assemblies or other revenue, which consists primarily of revenue outside of the disk drive industry for precision component manufacturing, tool design, tool build and metrology, suspension assembly components, reimbursement for disk drive industry-related engineering services and specific disk drive program capacity and biomeasurement products. During the year ended September 28, 2014, the Company shipped 432 million suspension assemblies of all types, supplying all manufacturers of disk drives and head-gimbal assemblers.