Micron Technology, Inc. (NASDAQ:MU) persists its position slightly strong in context of buying side, while shares price jumped up 2.65% during latest trading session. Micron Technology, Inc. (MU) to host an analyst conference today, February 2, 2017. Presentations by Micron executives will begin at 9 a.m. MT and the event is expected to conclude at 11:30 a.m. MT.
The company’s first quarter adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of 28 cents came ahead of the Zacks Consensus Estimate as well as the year-ago quarter’s figure of 24 cents. An encouraging top- and bottom-line guidance for the second quarter, way above the respective Zacks Consensus Estimate, also helped in boosting investors’ confidence about the company’s future prospects.
Narrow down focus to other ratios, the co has current ratio of 1.70 that indicates if MU lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 1.20, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.79, sometimes its remain same with long term debt to equity ratio.
Following previous ticker characteristics, Amkor Technology, Inc. (NASDAQ:AMKR) also run on active notice, stock price showed upbeat performance 2.34% after traded at $9.63 in most recent trading session.
AMKR has price to earnings ratio of 42.24 and the price to current year EPS stands at -56.40%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 36.62%. Moving toward ratio analysis, it has current ratio of 1.40 and quick ratio was calculated as 1.10. The debt to equity ratio appeared as 1.20 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 2.09% for a week and 3.02% for a month. The price volatility’s Average True Range for 14 days was 0.31. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 3.70 out of 1-5 scale with week’s performance of -2.33%. AMKR’s institutional ownership was registered as 35.10%, while insider ownership was 10.10%.