FIH Mobile Limited
- Erlher Martínez
- Jan 19, 2022
- 1 min read
What is FIH Mobile Limited (2038)?
Company Overview FIH Mobile Limited (2038), offers vertically integrated, end-to-end design, development, and manufacturing services spanning handsets, mobile and wireless communication devices and consumer electronics products. The Company operates its business in three main locations: Asia, Europe and America. FIH Mobile develops mainly in hardware and software to enter the 5G, AI, IoT and IoV (Internet of Vehicle).
FIH, is it a good pick?
In June 2021 FIH Mobile had a debt of US$974.1M, up from US$837.1M in one year. In the last year FIH Mobile had a loss before interest and tax, and actually shrunk its revenue by 21%, to US$9.2B.
Technical analysis
From Dec 1st to Jan 22nd the share price went up 32.25% to trade at $1.50. From Jan 4th to Jan 19th the share price dropped -15.62% to trade at $1.28 after BlackBerry withdrew its support for BlackBerryOS phones. The RSI is at the neutral zone and the MACD shows a negative tendency. The share price could keep dropping around -5.14% to trade at $1.20.
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