The shares ended last trade at $11.51, implying that Wall Street analysts see shares losing about -27.02 per cent in 12 months’ time.
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Price Momentum: Despite the 39.01% rise in value, the stock’s new closing price reflects a -17.02% fall in price from company’s one year high of $12.98. The number of shares now owned by investors are 42 mln.
Sunedison Semiconductor Ltd (NASDAQ:SEMI) and GlobalWafers Co., Ltd. announced that they have entered into a definitive agreement for the acquisition by GlobalWafers, through a wholly owned subsidiary, of all of the outstanding ordinary shares of SunEdison Semiconductor in a transaction valued at US$683 million, including SunEdison Semiconductor outstanding net indebtedness. These analysts have also projected a Low Estimate of $-0.52/share and a High Estimate of $-0.32/share.
The company has encountered a twelve month cheapest price of $ 16.10 and hit a twelve month expensive price of $ 28.09. The company’s price sits 81.90% above from its 50-day moving average of $6.75 and 75.55% far from the stock’s 200-day moving average which is $5.97. (NYSE:CIE) was upgraded by equities research analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research report issued on Thursday. Over the past five trading sessions it is 47.38%; 85.95% for the month; 159.82% for the last quarter; 99.13% for the past six-months; and -11.67% for the last 12 months.
On the company’s financial health, Sunedison Semiconductor Ltd reported $-1.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on Aug 3, 2016.
Sunedison Semiconductor Ltd (NASDAQ: SEMI) failed to impress in 2Q2016 as its EPS loss of $0.80 was wider than EPS loss of $0.50 that analysts expected. Sunedison’s current market cap stands at $484.71 Million. The previous close of the stock was called at $21.80. The stock stands almost $2.58 off versus the 52-week high of $9 and $2.91 above the 52-week low of $3.51. “0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “0” brokerage firms.
The down revisions of EPS in last 30, 60, 90 and 120 days were 0, 0, 1 and 1.
TheStreet Ratings rated this stock as a “sell” with a ratings score of D. “1” brokerage firms have rated the company as a “Hold”. Summit Redstone restated a “buy” rating on shares of SunEdison Semiconductor in a research note on Wednesday, July 27th. The stock attained the volume of 11.31M shares. Lorem Ipsum Management LLC now owns 306,309 shares of the company’s stock worth $2,401,000 after buying an additional 141,309 shares in the last quarter. The shares of Canadian Solar Inc. now represents -25.55 Percent Distance from 200-Day simple Moving Average.
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The change in the stock’s EPS estimate over the last 7 days works out to 0%.
