Himax Technologies (HIMX) In A Perilous Reversal

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Himax Technologies ( HIMX) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Himax Technologies as such a stock due to the following factors:

  • HIMX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.3 million.
  • HIMX has traded 6.7 million shares today.
  • HIMX is down 4% today.
  • HIMX was up 7.6% yesterday.

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More details on HIMX:

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. The stock currently has a dividend yield of 3.4%. HIMX has a PE ratio of 21.6. Currently there are 4 analysts that rate Himax Technologies a buy, 2 analysts rate it a sell, and 2 rate it a hold.

The average volume for Himax Technologies has been 5.4 million shares per day over the past 30 days. Himax has a market cap of $1.3 billion and is part of the technology sector and electronics industry. Shares are down 43.2% year-to-date as of the close of trading on Friday.

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