- HIMX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.0 million.
- HIMX has traded 1.5 million shares today.
- HIMX is trading at 4.76 times the normal volume for the stock at this time of day.
- HIMX is trading at a new low 5.04% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in HIMX with the Ticky from Trade-Ideas. See the FREE profile for HIMX NOW at Trade-Ideas 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 3.1%. HIMX has a PE ratio of 26. 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 3.1 million shares per day over the past 30 days. Himax has a market cap of $1.6 billion and is part of the technology sector and electronics industry. Shares are up 6.5% year-to-date as of the close of trading on Monday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Highlights from the ratings report include:
- HIMX's revenue growth has slightly outpaced the industry average of 3.4%. Since the same quarter one year prior, revenues slightly increased by 0.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The current debt-to-equity ratio, 0.40, 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 1.42, which illustrates the ability to avoid short-term cash problems.
- HIMAX TECHNOLOGIES INC has improved earnings per share by 14.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, HIMAX TECHNOLOGIES INC reported lower earnings of $0.15 versus $0.39 in the prior year. This year, the market expects an improvement in earnings ($0.40 versus $0.15).
- The gross profit margin for HIMAX TECHNOLOGIES INC is currently lower than what is desirable, coming in at 28.08%. Regardless of HIMX's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, HIMX's net profit margin of 7.25% is significantly lower than the industry average.
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. In comparison to the other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, HIMAX TECHNOLOGIES INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
- You can view the full Himax Technologies Ratings Report.
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