Stock News Recap: ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS)

Technology

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) stock recently located move of -32.42% off 52-week high price and identified change of 16.63% away from 52-week low price. IMOS stock has been recorded 3.34% away from 50 day moving average and -4.73% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.52% off 20-day moving average. It has market worth of $706.11M and dividend yield of 2.64%.

ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of September 2018 and for the third quarter ended September 30, 2018.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.46 to US$1.00 as of September 28, 2018.

Revenue for the month of September 2018 was NT$1,695.5 million or US$55.7 million, a decrease of 2.2% from the month of August 2018 and an increase of 10.5% from the same period in 2017.

Revenue for the third quarter of 2018 was NT$5,005.2 million or US$164.3 million, representing an increase of 11.4% from the second quarter of 2018, and an increase of 13.0% from the third quarter of 2017.

TheCompany noted it is continuing to benefit from a favorable business mix, and strong demand of TDDI for smartphones. Higher overall utilization levels reflect growth in underlying demand levels and longer test times required by TDDI programs.

The Technology sector company, ChipMOS TECHNOLOGIES INC. noticed change of 1.65% to $14.8 along volume of 15011 shares in recent session compared to an average volume of 24.48K. The stock observed return of -3.58% in 5 days trading activity. The stock was at 10.12% over one month performance. IMOS’s shares are at 1.72% for the quarter and driving a -30.39% return over the course of the past year and is now at -16.15% since this point in 2018.

The average volatility for the week at 1.70% and for month was at 1.74%. There are 47.71M shares outstanding and 34.53M shares are floated in market.

Cesar Melton is an author, journalist and CEO of mosttradedstocks.com, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Cesar has always been interested in the stock market and how it behaves.

As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Cesar observations and experience give him the insight to stock market patterns and the investor behaviors that create them.

Email: Cesar@mosttradedstocks.com 

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