Trade-Ideas LLC identified Himax Technologies ( HIMX) as a "dead cat bounce" (down big yesterday but up 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 $37.6 million.
  • HIMX has traded 730,769 shares today.
  • HIMX is up 3.6% today.
  • HIMX was down 16.3% 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 2.7%. HIMX has a PE ratio of 3. Currently there are 6 analysts that rate Himax Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Himax Technologies has been 2.9 million shares per day over the past 30 days. Himax has a market cap of $1.8 billion and is part of the technology sector and electronics industry. Shares are up 9.9% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Himax Technologies as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:
  • The current debt-to-equity ratio, 0.41, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.43, which illustrates the ability to avoid short-term cash problems.
  • HIMX, with its decline in revenue, underperformed when compared the industry average of 3.2%. Since the same quarter one year prior, revenues fell by 21.6%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The gross profit margin for HIMAX TECHNOLOGIES INC is rather low; currently it is at 24.80%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 3.44% significantly trails the industry average.
  • Net operating cash flow has decreased to $25.87 million or 33.12% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

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