Needham & Company maintains a 'Hold' on Hutchinson Technology (HTCH); Not Out Of The Woods, But They May Have Found A Map

Needham & Company maintains a 'Hold' on Hutchinson Technology (NASDAQ: HTCH).

Needham analyst says, "HTCH reported F3Q results last night, essentially inline with its most recent preannouncement. The company appears to have pulled itself back from the brink through extensive and painful restructurings, refinancing of a large portion of its debt, and improvements in next generation technology yields. Much work remains, but progress is clearly occurring. Maintain Hold pending evidence of more material share gains, profitability and growth."

For more ratings news on Hutchinson Technology click here and for the rating history of Hutchinson Technology click here.

Shares of Hutchinson Technology closed at $3.28 yesterday.

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