Shares of Hua Hong Semiconductor Limited (OTCMKTS:HHUSF – Get 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
About Hua Hong Semiconductor
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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