MagnaChip Semiconductor Corporation (NYSE:MX) Touches a New 52-Week High

MagnaChip Semiconductor Corporation (NYSE:MX) stock has seen a rise as of late. Shares have hit a new 52-week high after reaching $12.95 during recent trading action. Investors will be watching to see if the name can maintain momentum heading into the new year.Since the start of the calendar year, MagnaChip Semiconductor Corporation (NYSE:MX)’s stock has changed 109.68%. Over the last five trading sessions, the stock has moved 17.12%. For the past month, MagnaChip Semiconductor Corporation’s stock has been 18.18%, 19.27% for the last quarter, 41.30% for the past six months and 134.23% for the past 52 weeks.

Based on current stock levels, MagnaChip Semiconductor Corporation shares are trading -1.11% off of the 50-day high and 28.86% away from the 50-day low.

Earnings Per Share (EPS), the portion of a company’s profit distributed to each outstanding common share, is a useful indicator of a company’s profitability. EPS is typically considered to be the most important variable in determining a share’s price. MagnaChip Semiconductor Corporation (NYSE:MX)’s EPS growth this year is 65.60% and the trailing 12-month EPS is $-0.50. Covering sell-side analysts are estimating company growth for next year to be 17.22%. On a consensus basis, analysts have given a recommendation of 2.30 on company shares.

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