AXT Inc. (AXTI) Has Spiked To A New High Following Q1 Report

AXT Inc. (AXTI) reported first quarter EPS of $0.00 after the bell Monday, compared to the loss of $0.04 in the previous year. Revenues rose to $18.7 million from $18.1 million last year.

AXT has spiked sharply to the upside at the open Tuesday and is currently higher by 1.03 at $3.68 on the highest volume of the year. The stock has soared to a new high for the year.

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