Hua Hong Semiconductor (OTCMKTS:HHUSF) Shares Down 13.3% – Here’s Why

Shares of Hua Hong Semiconductor Limited (OTCMKTS:HHUSF) were down 13.3% during trading on Thursday . The company traded as low as C$10.32 and last traded at C$10.32. Approximately 500 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 200 shares. The stock had previously closed at C$11.90.

Hua Hong Semiconductor Price Performance

The company’s fifty day moving average is C$10.43 and its 200-day moving average is C$8.63.

Hua Hong Semiconductor Company Profile

Hua Hong Semiconductor Limited (OTCMKTS:HHUSF) is a pure‐play semiconductor foundry headquartered in Shanghai, China. The company specializes in the research, development and manufacture of integrated circuits, offering a diverse suite of process technologies on both 200mm and 300mm wafers. Its core offerings span from mature nodes for power management and radio‐frequency applications to specialty technologies such as gallium nitride (GaN) and CMOS image sensors, serving a wide spectrum of end markets including communications, consumer electronics, industrial controls and automotive systems.

Operating multiple fabrication facilities, Hua Hong Semiconductor maintains advanced manufacturing sites in Shanghai and Wuxi.