Supermicro Shares Soar as It Looks to Avoid Being Delisted. Is Now a Good Time to Buy the Beaten-Down Stock?

It's been a roller-coaster ride for Super Micro Computer's (NASDAQ: SMCI) stock this year, with a lot of big moves in both directions. After a hot start to the year, the company's shares began to slide following a short report from Hindenburg Research that accused the company of accounting manipulation. That was soon followed by the company delaying the filing of its 10-K annual report.The Wall Street Journal later reported that Supermicro was being investigated by the Department of Justice (DOJ) over potential accounting issues, addIing fuel to the fire, although the report was never confirmed by the company nor the DOJ.The stock later shot higher after the company announced that it has been shipping more than 100,000 graphic processing units (GPUs) per quarter.  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool