12-22-2016, 03:35 AM
A week or so ago, we came out with this:
- Himax sold off too much on the delay of its biggest AR client.
- That bonanza, while delayed by a few quarters, is still coming.
- The shares are close to a 52-week low and only a dollar above multiple-year lows.
- This is curious as the financial performance is improving and the company has multiple other growth opportunities.
Left Behind In The Rally: Himax - Himax Technologies, Inc. (NASDAQ:HIMX) | Seeking Alpha
The shares keep on sinking
They are terrificly oversold (RSI of 18), and the slump is probably the result of tax loss selling. There isn't really much in the way of fundamental business deterioration that warrants the almost 50% loss since September.