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Siliconware Precision (SPIL) Falls: Stock Goes Down 6.0%
July 10, 2014

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Siliconware Precision Industries Co. Ltd. saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as SPIL is now trading within the volatile price range of $8.03 to $8.88 in the past one-month time frame.
The company, a provider of semiconductor packaging and testing services, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

SPIL currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Computer & Technology sector may consider better-ranked stocks like Advanced Micro Devices, Inc. (AMD - Free Report) , Broadcom Corp. and Cvent, Inc. , each of which holds a Zacks Rank #1 (Strong Buy).

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