Lattice Semiconductor Corporation (LSCC) 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 LSCC have risen 3.85% to $6.48 after closing the day prior at $6.24. In the first two and a half hours of trading, the stock has gone as high as $6.51 and as low as $6.25. Today’s rise has come with about 697,975 shares changing hands, compared to an average 30-day volume of 1.35 million for Lattice Semiconductor Corporation. The price is currently below the 30-day volume weighted average price of $6.43 for LSCC.
The share appreciation gives the company a market capitalization of $751.01 million based upon 120.35 million shares outstanding. It also means that LSCC has a price-to-book ratio of 2.67:1.
In the past 52 weeks, shares of LSCC have traded as low as $3.57 and as high as $7.07. Technical traders will take note that at $6.48, shares of LSCC are trading above their 200-day MA at $5.7 and above their 50-day MA at $6.09. 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 LSCC?
Lattice Semiconductor Corp designs, develops and markets programmable logic products and related software. It also provides design services, customer training, field engineering and technical support. The company’s 1146 employees are led by CEO Darin G. Billerbeck from the corporate headquarters at 111 South West Fifth Avenue in Portland, OR.
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