AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (OTCMKTS:ASAAF) Stock Falls 17.6% – Here’s Why

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (OTCMKTS:ASAAF) fell 17.6% during trading on Thursday. The company traded as low as C$120.86 and last traded at C$124.27. 418 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 249 shares. The stock had previously closed at C$150.86.

Analysts Set New Price Targets

Several equities analysts have weighed in on ASAAF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft in a research note on Wednesday, August 5th. Oddo Bhf upgraded shares of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft from a “neutral” rating to an “outperform” rating in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Trading Down 17.6%

The stock has a fifty day moving average of C$193.92 and a 200 day moving average of C$141.49.

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Company Profile

AT&S Austria Technologie & Systemtechnik Aktiengesellschaft is an Austria-based manufacturer of printed circuit boards and advanced integrated-circuit (IC) substrates. Headquartered in Leoben, the company was established in 1987 and develops and produces electronic interconnect solutions for use in a range of devices and systems.

Its products include high-density interconnection and other advanced printed circuit boards, as well as IC substrates that connect semiconductor chips with electronic components.