Atomera (NASDAQ:ATOM) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Atomera (NASDAQ:ATOM) issued its quarterly earnings data on Wednesday. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.03), Bloomberg Earnings reports. The firm had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $0.13 million.

Shares of ATOM traded up $0.02 on Friday, reaching $4.52. 53,067 shares of the company’s stock traded hands, compared to its average volume of 76,898. The company has a debt-to-equity ratio of 0.01, a quick ratio of 17.32 and a current ratio of 17.32. The firm has a market capitalization of $80.64 million, a PE ratio of -4.43 and a beta of 0.70. The business has a 50 day moving average price of $4.89. Atomera has a 52-week low of $2.33 and a 52-week high of $6.45.

ATOM has been the subject of a number of research analyst reports. Zacks Investment Research raised Atomera from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Friday. ValuEngine raised Atomera from a “hold” rating to a “buy” rating in a research report on Friday, July 26th.

Several institutional investors and hedge funds have recently modified their holdings of ATOM. Bank of New York Mellon Corp purchased a new stake in shares of Atomera during the fourth quarter valued at approximately $47,000. BlackRock Inc. increased its position in shares of Atomera by 21.9% during the fourth quarter. BlackRock Inc. now owns 37,563 shares of the technology company’s stock valued at $108,000 after acquiring an additional 6,745 shares during the last quarter. Weybosset Research & Management LLC increased its position in shares of Atomera by 38.3% during the second quarter. Weybosset Research & Management LLC now owns 26,420 shares of the technology company’s stock valued at $133,000 after acquiring an additional 7,320 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Atomera by 57.9% during the fourth quarter. Geode Capital Management LLC now owns 68,982 shares of the technology company’s stock valued at $197,000 after acquiring an additional 25,293 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in Atomera during the second quarter valued at $7,204,000. 21.92% of the stock is owned by institutional investors.

About Atomera

Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's lead technology is Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.

Recommended Story: What are popular range trading strategies?

Earnings History for Atomera (NASDAQ:ATOM)

Receive News & Ratings for Atomera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atomera and related companies with MarketBeat.com's FREE daily email newsletter.