ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) Looks to Continue to Trade Above its Annual-High Share Price Today

February 16, 2021 14:40:28

ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) (NYSE:ASX) traded today at a new 52-week high of $9.00. So far today approximately 3.2 million shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) has overhead space with shares priced $8.63, or 47.6% below the average consensus analyst price target of $16.47.

ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) share prices have moved between a 52-week high of $9.00 and a 52-week low of $3.17 and are now trading 172% above that low price at $8.63 per share.

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