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home / news releases / ALGM - Allegro MicroSystems: The Worst Seems Near

ALGM - Allegro MicroSystems: The Worst Seems Near

Allegro MicroSystems Inc.

2024-02-12 03:20:44 ET

Summary

  • Allegro MicroSystems shares have attracted attention due to a significant decline in the fall, while the long-term outlook is upbeat.
  • The company is a developer and producer of sensing and power IC solutions, with a large reliance on the automotive sector.
  • Recent softness in sales and guidance for the coming quarters, while shares have seen a modest recovery, has led to a decline in the risk-reward ratio for the stock.

Shares of Allegro MicroSystems ( ALGM ) have attracted me, as I sensed opportunities in November, which came after shares witnessed a significant decline towards levels in the mid-twenties....

For further details see:

Allegro MicroSystems: The Worst Seems Near
Stock Information
Company Name: Allegro MicroSystems Inc.
Stock Symbol: ALGM
Market: NASDAQ
Website: allegromicro.com
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