Himax Technologies Inc (HIMX)

[mick]

Himax Technologies Inc. (HIMX) was a beaten-down stock in 2016 as it plunged over 26%. The decline was mainly due to the downgrade ratings from several analytics firms. In addition, the ratings moved the stock price to new 52-week lows of approximately $5 per share.

It looks like those downgrade ratings created a good buying opportunity for investors, however, as the stock is again headed back up. After reaching 52-week lows, the stock was upgraded to buy at Nomura. Moreover, a few days ago, the stock was upgraded to buy at Mizuho Securities. As a result, the positive effect of those buy ratings can be clearly perceived by looking at Himax's current stock price.

Warning! GuruFocus has detected 2 Warning Signs with FCX. Click here to check it out.
HIMX 15-Year Financial Data
The intrinsic value of HIMX
Peter Lynch Chart of HIMX