MagnaChip Semiconductor Corporation ( MX ) saw a big move in the last trading session, as the company's shares fell by a little over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MX as the stock is now down roughly 17% in the past one-month time frame.
The company, which designs and manufactures analog and mixed-signal semiconductor products for high-volume consumer applications, has not seen any estimate revisions over the past month, and the earnings consensus hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
MX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the semiconductor industry may consider better-ranked stocks like M/A-Com Technology Solutions Holdings, Inc. ( MTSI ), Supertex Inc. ( SUPX ) and Montage Technology Group Ltd. ( MONT ). While MTSI and Supertex carry a Zacks Rank #1 (Strong Buy), Montage Technology holds a Zacks Rank #2 (Buy).
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