Ase Technology Holdings Co (NYSE: ASX) has reported earnings for its third fiscal quarter (ending September 30) of $0.14 versus $0.12 for the same period a year ago — an increase of 17%. For the latest four quarters through September 30, E.P.S. were $0.56 versus $0.59 for the same period a year ago — a decline of -5%.
Recent Price Action
Ase Technology Holdings Co (NYSE: ASX) stock declined by -2.4% on 10/31/24. The shares closed at $9.56. Moreover, trading volume in this decline was above average at 144% of normal. The stock has performed in line with the market over the last nine months and has declined -5.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ASX is expected to continue to be a Value Builder.
Ase Technology Holdings has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ase Technology Holdings has a neutral Appreciation Score of 59 and a neutral Power Rating of 45, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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