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

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (OTCMKTS:ASAAF)’s share price dropped 17.6% on Thursday. The company traded as low as C$120.86 and last traded at C$124.27. Approximately 418 shares were traded during trading, an increase of 68% from the average daily volume of 249 shares. The stock had previously closed at C$150.86.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASAAF. 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 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft from a “neutral” rating to an “outperform” rating in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Price Performance

The firm’s 50-day moving average price is C$193.92 and its 200-day moving average price is 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.