Aixtron (OTCMKTS:AIXXF) Shares Up 6.9% – Here’s Why

Aixtron Se (OTCMKTS:AIXXF) shares were up 6.9% during trading on Monday . The stock traded as high as $20.46 and last traded at $20.00. Approximately 3,200 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 6,228 shares. The stock had previously closed at $18.7160.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of Aixtron in a research report on Monday, October 13th. Barclays raised Aixtron from a “cautious” rating to an “overweight” rating in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aixtron in a report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Aixtron Stock Down 0.3%

The stock has a fifty day moving average price of $17.68 and a 200-day moving average price of $16.61.

About Aixtron

AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry in Asia, Europe, and the Americas. It develops, produces, and installs equipment for the deposition of semiconductor materials; and offers deposition processes, consulting, training, customer support, and other related services, as well as peripheral devices and services for the operation of its systems.