Hua Hong Semiconductor (OTCMKTS:HHUSF) Stock Price Down 16.2% – Should You Sell?

Shares of Hua Hong Semiconductor Limited (OTCMKTS:HHUSFGet Free Report) dropped 16.2% on Thursday . The stock traded as low as C$7.01 and last traded at C$7.01. Approximately 640 shares changed hands during trading, a decline of 71% from the average daily volume of 2,226 shares. The stock had previously closed at C$8.37.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Hua Hong Semiconductor to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Read Our Latest Stock Analysis on HHUSF

Hua Hong Semiconductor Price Performance

The firm has a fifty day moving average of C$5.89 and a 200-day moving average of C$4.96.

About Hua Hong Semiconductor

(Get Free Report)

Hua Hong Semiconductor Limited, an investment holding company, manufactures and sells semiconductor products. It provides embedded non-volatile memory, standard logic and mixed-signal, radio frequency, power management integrated circuits, power discrete, and automotive solutions. The company also offers foundry services; and design services comprising standard and customized IP development, full-custom layout design, and customer-specific integrated solutions, as well as design support and tape out services.

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