Hutchinson Technology Incorporated (HTCH) : 1 brokerage houses believe that Hutchinson Technology Incorporated (HTCH) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hutchinson Technology Incorporated (HTCH). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 2 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Company shares have received an average consensus rating of Hold for the current week Hutchinson Technology Incorporated (NASDAQ:HTCH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.48 and $1.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.49, notching a gain of 1.36% for the day. The total traded volume was 195,142 . The stock had closed at $1.47 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Hutchinson Technology Inc, Huffer Russell had purchased shares worth of $6,860 in a transaction dated on January 30, 2015. A total of 2,000 shares were purchased at a price of $3.43 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.