Shares of Transphorm, Inc. (OTCMKTS:TGAN) were down 6.1% during trading on Tuesday . The company traded as low as $4.50 and last traded at $4.50. Approximately 427 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 25,542 shares. The stock had previously closed at $4.79.
A number of research firms have weighed in on TGAN. Zacks Investment Research raised Transphorm from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley reissued a “buy” rating and issued a $9.50 price objective (up previously from $8.50) on shares of Transphorm in a report on Thursday, March 4th.
The firm has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $4.62.
About Transphorm (OTCMKTS:TGAN)
Transphorm, Inc develops, manufactures, and sells gallium nitride (GaN) semiconductor components used in power conversion in Mainland China, Hong Kong, Taiwan, the United States, Japan, South Korea, and Europe. Its GaN devices allows customers to design smaller, lighter, and cooler power systems creating increased functional value in end products, including smartphone power adapters/fast-chargers, power supplies for datacenter servers/communication, industrial power converters, and chargers/converters/inverters for electric vehicles.
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