- Hard drive assembly supplier Hutchinson (HTCH -3.2%) is off after Seagate issued a calendar Q2 warning amid a backdrop of weak PC sales. Notably, Seagate itself is higher following the warning - many expected weak results - as is Western Digital.
- Hutchinson is now down 58% YTD, and trades for just 0.2x an FY15 (ends in September) sales consensus of $253.2M.
Hutchinson slumps following Seagate's warning
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Symbol | Last Price | % Chg |
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HTCH | - | - |
Hutchinson Technology Incorporated |