Price Don’t Lie: ChipMOS Technologies (Bermuda) Ltd Just Reaches Yearly Low?

Price Don't Lie: ChipMOS Technologies (Bermuda) Ltd Just Reaches Yearly Low?

The stock of ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) hit a new 52-week low and has $12.74 target or 11.00% below today’s $14.31 share price. The 8 months bearish chart indicates high risk for the $399.99M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $12.74 price target is reached, the company will be worth $44.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 58,855 shares traded hands. ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

Analysts await ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) to report earnings on November, 10. They expect $0.27 earnings per share, up 107.69% or $0.14 from last year’s $0.13 per share. IMOS’s profit will be $7.55 million for 13.25 P/E if the $0.27 EPS becomes a reality. After $0.14 actual earnings per share reported by ChipMOS Technologies (Bermuda) Ltd for the previous quarter, Wall Street now forecasts 92.86% EPS growth.

ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) Ratings Coverage

Out of 4 analysts covering ChipMOS Technologies (NASDAQ:IMOS), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. ChipMOS Technologies has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Cowen & Co maintained ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) on Tuesday, September 29 with “Outperform” rating. Cowen & Co maintained ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) rating on Thursday, August 11. Cowen & Co has “Outperform” rating and $22 price target. On Tuesday, November 17 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Hold” rating by TheStreet given on Friday, October 16. The firm has “Outperform” rating by Cowen & Co given on Thursday, October 8.

According to Zacks Investment Research, “ChipMOS Technologies is an independent provider of total semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers and foundries. They provide a broad range of back-end testing services for high density memory, mixed-signal and liquid crystal display driver semiconductors.”

More important recent ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) news were published by: Marketwatch.com which released: “ChipMOS Technologies Inc. ADR” on December 21, 2009, also Twst.com published article titled: “ChipMOS Technologies (Bermuda) Ltd.: UPDATE: ChipMOS MERGER EXPECTED TO CLOSE …”, Seekingalpha.com published: “Why You Must Vote For The ChipMOS Merger” on August 08, 2016. More interesting news about ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) was released by: Seekingalpha.com and their article: “ChipMOS Technologies’ (IMOS) CEO S.J. Cheng on Q2 2016 Results – Earnings Call …” with publication date: August 11, 2016.

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