Sunday, June 14, 2015

Down trend with Amkor

Amkor stock is currently trading 46.29% below its 52-week-high, 14.21% above its 52-week-low. The 1-year stock price history is in the range of $5.77 – $12.27. Amkor has a price to earnings ratio of 11.32 versus Technology sector average of 24.67. AMKR stock price has underperformed the Nasdaq by 13.3%. AMKR current short interest stands at 6.88 million shares. It has decreased by 4% from the same period of last month. Around 14% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.43 million shares, the number of days required to cover the short positions stand at 4.9 days.

Since Amkor has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, It has seen 1 estimate moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from 80 cents a share a month ago to its current level of 64 cents. The stock also has seen some pretty dismal trading lately, as the share price has dropped 18.2% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.

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