ASX (OTCMKTS:ASXFY) Reaches New 1-Year High – Should You Buy?

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday. The company traded as high as $46.54 and last traded at $46.54, with a volume of 325 shares traded. The stock had previously closed at $45.6960.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded ASX from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Read Our Latest Analysis on ASXFY

ASX Stock Up 2.5%

The company has a 50 day moving average of $41.36 and a 200-day moving average of $38.90.

ASX Company Profile

(Get Free Report)

ASE Technology Holding Co, Ltd. is a Taiwan-based semiconductor manufacturing services company. Through its subsidiaries, including Advanced Semiconductor Engineering, Inc (ASE) and Siliconware Precision Industries Co, Ltd. (SPIL), the company provides outsourced semiconductor assembly and test (OSAT) services to chip manufacturers and electronics companies.

Its services include wafer probing, wafer bumping, chip assembly, packaging, final testing and electronic manufacturing services.

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