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Enter Symbol:
 
Axt Inc (AXTI) [hlAlert]

Rating:
Hold AXTI
down 44.14 %

Axt Inc (AXTI) downgraded to Hold by Needham

Posted on: Friday,  Nov 2, 2012  8:25 AM ET by Needham

Needham rated Hold Axt Inc (NASDAQ: AXTI) on 11/02/2012. Previously Needham rated Buy Axt Inc (NASDAQ: AXTI) on 10/11/2011., when
the stock price was $5.12. Since then, Axt Inc has lost 44.14% as of 11/02/2012's recent price of $2.86.
If you would have followed the previous Needham's recommendation on AXTI, you would have lost 44.14% of your investment in 388 days.

AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2012 8:25 AM Hold
None
2.86
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -15.38 %
1 YTD down  -31.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2011 8:25 AM Buy
None
5.12 9.00
7/28/2011 8:25 AM Buy
None
8.45 11.00

(*) Stock Price at the time of the recommendation.
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