MagnaChip Semiconductor (NYSE:MX) Given Daily Coverage Optimism Rating of 0.12

Media stories about MagnaChip Semiconductor (NYSE:MX) have been trending somewhat positive on Friday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MagnaChip Semiconductor earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 44.8807811913173 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of MagnaChip Semiconductor (NYSE MX) opened at $11.50 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.42 and a debt-to-equity ratio of -4.96. MagnaChip Semiconductor has a 1-year low of $6.00 and a 1-year high of $13.40.

MX has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded MagnaChip Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of MagnaChip Semiconductor in a report on Thursday, November 2nd. TheStreet cut MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research note on Thursday, November 2nd. ValuEngine cut MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of MagnaChip Semiconductor from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.67.

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About MagnaChip Semiconductor

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

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