Everspin Technologies (NASDAQ:MRAM) Issues Quarterly Earnings Results

Everspin Technologies (NASDAQ:MRAM) released its earnings results on Thursday. The business services provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02), Briefing.com reports. Everspin Technologies had a negative return on equity of 41.98% and a negative net margin of 22.86%. The business had revenue of $9.20 million for the quarter, compared to the consensus estimate of $8.75 million. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The firm’s revenue for the quarter was down 20.0% on a year-over-year basis.

Shares of MRAM traded down $0.25 during trading hours on Friday, reaching $5.49. The stock had a trading volume of 121,400 shares, compared to its average volume of 70,294. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.61 and a current ratio of 2.27. The company’s 50-day moving average is $5.81 and its two-hundred day moving average is $6.61. Everspin Technologies has a 12 month low of $5.01 and a 12 month high of $9.83. The stock has a market capitalization of $101.71 million, a PE ratio of -5.08 and a beta of 2.16.

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Several equities research analysts have weighed in on MRAM shares. Zacks Investment Research upgraded Everspin Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. ValuEngine cut Everspin Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th.

About Everspin Technologies

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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Earnings History for Everspin Technologies (NASDAQ:MRAM)

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