Shares of AXT Inc (NASDAQ:AXTI) traded today at $15.79, eclipsing its 52-week high. So far today approximately 43.7 million shares have been exchanged, as compared to an average 30-day volume of 138,000 shares.
In the past 52 weeks, shares of AXT Inc have traded between the current low of $1.86 and a high of $12.46 and is now at $6.44.
AXT Inc is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific of which China derives maximum revenue to the company.
AXT Inc has overhead space with shares priced $6.44, or 2.4% below the average consensus analyst price target of $6.60.
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