ASUSTeK Computer (OTCMKTS:ASUUY) Shares Down 8.3% – Should You Sell?

ASUSTeK Computer Inc. (OTCMKTS:ASUUY)’s share price dropped 8.3% during trading on Wednesday . The stock traded as low as $80.00 and last traded at $80.00. Approximately 195 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 298 shares. The stock had previously closed at $87.25.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded ASUSTeK Computer to a “neutral” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ASUSTeK Computer Trading Down 8.3%

The company’s fifty day moving average price is $84.62 and its 200 day moving average price is $93.85.

ASUSTeK Computer Company Profile

ASUSTeK Computer Inc, commonly known as ASUS, is a Taiwanese multinational company specializing in the design and manufacture of computer hardware, electronics and related services. Founded in 1989 in Taipei by T.H. Tung, Ted Hsu, Wayne Hsieh and M.T. Liao, ASUS has grown into one of the world’s leading suppliers of motherboards, graphics cards, desktops and laptops. The company’s portfolio also extends to monitors, networking equipment, servers, workstations and accessories tailored for both consumer and enterprise markets.

ASUS is perhaps best known for its Republic of Gamers (ROG) brand, which offers high-performance products aimed at gamers and e-sports enthusiasts.