News coverage about MagnaChip Semiconductor (NYSE:MX) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MagnaChip Semiconductor earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 47.2262907459583 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
MagnaChip Semiconductor (MX) traded down $0.05 during midday trading on Wednesday, reaching $10.85. 340,002 shares of the company’s stock were exchanged, compared to its average volume of 208,329. The company has a quick ratio of 1.96, a current ratio of 2.42 and a debt-to-equity ratio of -4.96. The stock has a market cap of $434.96, a P/E ratio of -20.87 and a beta of -0.29. MagnaChip Semiconductor has a 1-year low of $6.40 and a 1-year high of $13.40.
MX has been the topic of several recent analyst reports. Zacks Investment Research raised shares of MagnaChip Semiconductor from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, November 7th. ValuEngine downgraded shares of MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. TheStreet downgraded shares of MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of MagnaChip Semiconductor in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.67.
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