ASUSTeK Computer (OTCMKTS:ASUUY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of ASUSTeK Computer Inc. (OTCMKTS:ASUUYGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $98.40 and traded as low as $87.25. ASUSTeK Computer shares last traded at $87.25, with a volume of 184 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of ASUSTeK Computer to a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, ASUSTeK Computer presently has a consensus rating of “Hold”.

View Our Latest Report on ASUSTeK Computer

ASUSTeK Computer Stock Down 24.1%

The company’s fifty day simple moving average is $109.24 and its 200-day simple moving average is $98.40.

ASUSTeK Computer Company Profile

(Get Free Report)

ASUSTeK Computer Inc, commonly known as ASUS, is a Taiwanese multinational company specializing in the design and manufacture of computer hardware, electronics and related services. Founded in 1989 in Taipei by T.H. Tung, Ted Hsu, Wayne Hsieh and M.T. Liao, ASUS has grown into one of the world’s leading suppliers of motherboards, graphics cards, desktops and laptops. The company’s portfolio also extends to monitors, networking equipment, servers, workstations and accessories tailored for both consumer and enterprise markets.

ASUS is perhaps best known for its Republic of Gamers (ROG) brand, which offers high-performance products aimed at gamers and e-sports enthusiasts.

See Also

Receive News & Ratings for ASUSTeK Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASUSTeK Computer and related companies with MarketBeat.com's FREE daily email newsletter.