Why Himax (HIMX) Stock Is Climbing Today

NEW YORK (TheStreet) -- Himax (HIMX) is gaining on Tuesday after pre-announcing its first-quarter results.

The company said it expects quarterly revenue to climb 10.8% year on year to $194.6 million. Analysts surveyed by Thomson Reuters had expected revenue of $193.58 million. 

By midmorning, shares had gained 3.6% to $9.32. 

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TheStreet Ratings team rates HIMAX TECHNOLOGIES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate HIMAX TECHNOLOGIES INC (HIMX) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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