Home / Market Movers / Hutchinson Technology Incorporated (HTCH) Leads Tech Stocks with 167.11% at Midday on September 22

Hutchinson Technology Incorporated (HTCH) Leads Tech Stocks with 167.11% at Midday on September 22

Hutchinson Technology Incorporated (HTCH) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of HTCH have risen 167.11% to $3.98 after closing the day prior at $1.49. In the first two and a half hours of trading, the stock has gone as high as $3.98 and as low as $3.96. Today’s rise has come with about 11.16 million shares changing hands, compared to an average 30-day volume of 147,795 for Hutchinson Technology Incorporated. The price is currently below the 30-day volume weighted average price of $3.97 for HTCH.

The share appreciation gives the company a market capitalization of $50.54 million based upon 33.92 million shares outstanding. It also means that HTCH has a price-to-book ratio of 0.99:1.

In the past 52 weeks, shares of HTCH have traded as low as $1.32 and as high as $3.89. Technical traders will take note that at $3.98, shares of HTCH are trading above their 200-day MA at $3.18 and above their 50-day MA at $1.88. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is HTCH?

Hutchinson Technology Inc is engaged in the manufacture of suspension assemblies. It supplies critical precision component technologies to the market. The company’s 2412 employees are led by CEO Richard J. Penn from the corporate headquarters at 40 West Highland Park Drive North East in Hutchinson, MN.


For more information on HTCH and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Valterra Resource Corporation (CDX:VQA:CA) Fall 6.25% on September 30

In sliding 6.25%, Valterra Resource Corporation (CDX:VQA:CA) was one of the worst performing stocks in …