Notable Stock News to Watch: ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) stock revealed change of 41.00% away from 52-week low price and recently located move of -14.82% off 52-week high price. It has market worth of $775.78M and dividend yield of 5.72%. IMOS stock has been recorded -3.44% away from 50 day moving average and 0.72% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.08% off 20-day moving average.

On Aug. 11, 2020, ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) an industry leading provider of outsourced semiconductor assembly and test services (OSAT), released consolidated financial results for the second quarter ended June 30, 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.44 against US$1.00 as of June 30, 2020.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards (Taiwan-IFRS).

Revenue for the second quarter of 2020 was NT$5,428.1 million or US$184.4 million, a decrease of 2.8% from NT$5,586.8 million or US$189.8 million in the first quarter of 2020 and an increase of 10.7% from NT$4,905.3 million or US$166.6 million for the same period in 2019. The second quarter of 2020 revenue level represents a six-year high for the Company.

Net profit attributable to equity holders of the Company for the second quarter of 2020 was NT$544.9 million or US$18.5 million, and NT$0.75 or US$0.025 per basic common share, as compared to NT$712.7 million or US$24.2 million, and NT$0.98 or US$0.033 per basic common share in the first quarter of 2020, and NT$1,274.6 million or US$43.3 million, and NT$1.75 or US$0.06 per basic common share in the second quarter of 2019.  Net earnings for the second quarter of 2020 were US$0.51 per basic ADS, compared to US$0.67 per basic ADS for the first quarter of 2020 and US$1.19 per basic ADS in the second quarter of 2019.

The Technology sector company, ChipMOS TECHNOLOGIES INC. noticed change of -4.86% to $21.15 along volume of 30404 shares in recent session compared to an average volume of 13.20K shares. The stock observed return of -3.29% in 5 days trading activity. The stock was at -2.31% over one month performance. IMOS’s shares are at -0.80% for the quarter and driving a 7.96% return over the course of the past year and is now at -6.46% since this point in 2018.

The average volatility for the week at 2.02% and for month was at 1.75%. There are 36.36M shares outstanding and 23.02M shares are floated in market. Right now the stock beta is 0.8.

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