Advanced Micro Devices, Inc (NYSE:AMD), the second-largest manufacturer of processors for PCs, moved down to record low level in around 3 years after anticipating a revenue drop amid market-share losses and reducing demand for PCs.
Shares of Advanced Micro Devices plunged 12% to settle at $4.26 at 2:53 PM in New York. Prior shares of the company traded at $4.20 and marked the record low since September 2009. Shares of the company plunged 10% this year through Friday.
Shares of Chipmaker Freescale Semiconductor Ltd (NYSE:FSL) and Rambus Inc (NASDAQ:RMBS), which handles chip design, also fell.
The company reported that Demand for AMD’s products is being damage by slower expansion in China, the second-biggest economy, and a decline economic climate in Europe.
AMD Chief Executive Officer Rory Read reported that it also lost market share to Intel Corporation (NASDAQ:INTC), which reported growth from the Q1.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. NVIDIA Corporation (NASDAQ:NVDA) moved down -2.88% to end at $12.81, Intel Corporation (NASDAQ:INTC) deceased -2.07% to settle at $25.52, while MIPS Technologies, Inc. (NASDAQ:MIPS) plunged -2.49% to finish on Tuesday at $6.26.
Advanced Micro Devices, Inc. (NYSE:AMD) last session volume of 52.28 million shares was lower than its average volume of 16.59 million shares. The stock after opening at $4.62 hit high price of $4.62 and then closed at $4.99 by scoring -11.21%.
The liquidity measure in recent quarter results of the company was recorded 1.36 as current ratio and on the other side the debt to equity ratio was -1.92 and long-term debt to equity ratio also remained -1.45. The Company had total cash at hand $28.54 billion and a book value per share as $109.63 in the most recent quarter.
The stock price volatility was 5.61% for a week and 4.14% for a month as well as price volatility’s Average True Range for 14 days was 0.26 and its beta remained 2.25.
AMD generated revenue of 6.54 billion in the following twelve months and earned -$605.00 million. The Company showed a negative -9.25% in the net profit margin and as well as in its operating margin which remained -4.07%. Company’s annual sales growth for the past five year was 3.14%.
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