- With shares having already fallen nearly 40% from their January highs and expectations of soft PC-related demand widespread, Hutchison (NASDAQ:HTCH) is rallying after pre-announcing below-consensus March quarter sales yesterday afternoon.
- The hard drive suspension assembly maker currently trades for 0.5x FY14 (ended Sep. '14) sales, after factoring net debt.
Hutchison up 5.3% following FQ2 pre-announcement
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| Symbol | Last Price | % Chg |
|---|---|---|
| HTCH | - | - |
| Hutchinson Technology Incorporated | ||