QuickLogic Co. (NASDAQ:QUIK) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $2.25 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given QuickLogic an industry rank of 85 out of 257 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut QuickLogic from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th.
Shares of QuickLogic stock traded down $0.01 on Monday, reaching $0.99. The company had a trading volume of 148,247 shares, compared to its average volume of 234,921. The stock has a market cap of $95.19 million, a price-to-earnings ratio of -5.50 and a beta of -0.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.07 and a current ratio of 2.39. QuickLogic has a 1 year low of $0.78 and a 1 year high of $2.22.
QuickLogic (NASDAQ:QUIK) last announced its earnings results on Wednesday, November 7th. The semiconductor company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The firm had revenue of $3.51 million during the quarter, compared to analysts’ expectations of $3.50 million. QuickLogic had a negative return on equity of 79.85% and a negative net margin of 114.11%. During the same quarter in the previous year, the business earned ($0.04) EPS. Sell-side analysts predict that QuickLogic will post -0.14 earnings per share for the current fiscal year.
QuickLogic Company Profile
QuickLogic Corporation, a semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. The company also provides Field Programmable Gate Arrays (FPGAs), software drivers, and associated design software and programming hardware, as well as eFPGA intellectual property (IP), such as ArcticPro and ArcticPro 2.
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