Everspin Technologies (MRAM) Projected to Post Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $12.50 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Everspin Technologies Trading Down 2.9 %

Everspin Technologies stock opened at $5.76 on Tuesday. Everspin Technologies has a 1-year low of $4.89 and a 1-year high of $9.39. The firm has a market cap of $126.56 million, a P/E ratio of 96.00 and a beta of 0.88. The firm has a 50-day moving average of $6.19 and a 200-day moving average of $6.01.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of Everspin Technologies in a report on Thursday, October 31st.

Everspin Technologies Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.