AXT Up 8.3% After Hitting 52-Week High (AXTI)

Shares of AXT Inc. AXTI are trading up 8.3% at $10.00 per share during the Tuesday afternoon trading session. The day's range for shares of AXT Inc has been between $9.15 and a 52-week high of $10.05 per share. The average price target of analysts who cover AXT Inc. (AXTI) is $10.73 per share. Volume of 1.2 million shares is already more than double the daily average volume of 551,000 shares. AXT Inc designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China and maintains its sales, administration and customer service functions at its headquarters in Fremont, California. Read more from Benzinga's Company news.