Samsung Electronics (OTCMKTS:SSNLF) Hits New 12-Month High – Should You Buy?

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $65.21 and last traded at $65.21, with a volume of 1531 shares changing hands. The stock had previously closed at $38.8319.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded Samsung Electronics from a “neutral” rating to an “outperform” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Samsung Electronics currently has a consensus rating of “Buy”.

Samsung Electronics Stock Up 67.9%

The stock has a fifty day moving average price of $42.33 and a 200-day moving average price of $41.53. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 24.33 and a beta of 0.88.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The company offers smartphones, tablets, watches, and accessories; TVs, projectors, and sound devices; home appliances, including refrigerators, washing machines and dryers, vacuum cleaners, cooking appliances, dishwashers, air conditioners, and air purifiers; monitors and memory storage products; displays, and smart and LED signages; and other accessories.