Everspin Technologies (NASDAQ:MRAM) issued its quarterly earnings results on Thursday. The business services provider reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02), Briefing.com reports. The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $8.75 million. Everspin Technologies had a negative return on equity of 41.98% and a negative net margin of 22.86%. The business’s revenue for the quarter was down 20.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) earnings per share.
Shares of NASDAQ MRAM traded down $0.25 during mid-day trading on Friday, hitting $5.49. The stock had a trading volume of 121,400 shares, compared to its average volume of 70,294. The company has a 50 day moving average of $5.81 and a two-hundred day moving average of $6.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.61 and a current ratio of 2.27. Everspin Technologies has a twelve month low of $5.01 and a twelve month high of $9.83. The firm has a market cap of $101.71 million, a PE ratio of -5.08 and a beta of 2.16.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Everspin Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research raised Everspin Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th.
Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems.
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