Resonant Inc (NASDAQ:RESN) CFO Martin S. Mcdermut sold 16,460 shares of Resonant stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $2.14, for a total value of $35,224.40. Following the transaction, the chief financial officer now directly owns 108,012 shares in the company, valued at approximately $231,145.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ RESN traded up $0.01 during trading hours on Wednesday, hitting $1.77. The stock had a trading volume of 226,033 shares, compared to its average volume of 216,470. The company has a market capitalization of $57.58 million, a P/E ratio of -1.81 and a beta of 2.18. The firm’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $2.57. Resonant Inc has a 52 week low of $0.92 and a 52 week high of $4.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.98 and a current ratio of 2.98.
Several equities analysts have weighed in on RESN shares. Zacks Investment Research cut Resonant from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and issued a $4.50 price target on shares of Resonant in a research note on Wednesday, November 6th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Resonant in a research note on Monday, October 14th.
Resonant Company Profile
Resonant Inc, a late-stage development company, designs and develops filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology, a software platform that is used to configure and connect resonators, the building blocks of RF filters.
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