Everspin Technologies (MRAM) Projected to Post Quarterly 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 interested in registering for the company’s earnings conference call can do so using this link.

Everspin Technologies Stock Performance

Everspin Technologies stock opened at $5.76 on Tuesday. Everspin Technologies has a fifty-two week low of $4.89 and a fifty-two week high of $9.39. The firm’s fifty day moving average price is $6.19 and its 200-day moving average price is $6.01. The stock has a market cap of $126.56 million, a P/E ratio of 96.00 and a beta of 0.88.

Analyst Upgrades and Downgrades

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

About Everspin Technologies

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.