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AXT Appoints Leonard J. Leblanc to Board

Story Highlights
  • AXT appointed Leonard J. Leblanc to its Board, filling a vacancy left by Ms. Christine Russell.
  • Jesse Chen was appointed as Chair of the Audit Committee, recognized as an ‘audit committee financial expert’.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AXT Appoints Leonard J. Leblanc to Board

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An announcement from AXT ( (AXTI) ) is now available.

AXT, Inc. recently appointed Leonard J. Leblanc to its Board of Directors, filling a vacancy left by the passing of Ms. Christine Russell. Mr. Leblanc, who has a rich history with the company and extensive experience in finance and corporate governance, will serve as a Class III director until July 2027. His familiarity with AXT’s operations and strategic needs is seen as crucial during this critical period. Additionally, Jesse Chen has been appointed as the Chair of the Audit Committee, bringing his expertise as an ‘audit committee financial expert’ to the role.

The most recent analyst rating on (AXTI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on AXT stock, see the AXTI Stock Forecast page.

Spark’s Take on AXTI Stock

According to Spark, TipRanks’ AI Analyst, AXTI is a Neutral.

AXT’s overall stock score reflects significant financial and operational challenges, including declining revenue and profitability issues. Technical indicators are mixed, providing little support. While future guidance suggests some potential improvement, current valuation metrics and corporate events indicate ongoing risks.

To see Spark’s full report on AXTI stock, click here.

More about AXT

Average Trading Volume: 470,600

Technical Sentiment Signal: Sell

Current Market Cap: $87.56M

See more insights into AXTI stock on TipRanks’ Stock Analysis page.

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