Everspin Technologies (MRAM) Projected to Post Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Everspin Technologies to post earnings of $0.06 per share and revenue of $12.50 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Everspin Technologies Trading Up 1.4 %

Shares of NASDAQ MRAM opened at $5.81 on Wednesday. The company has a market cap of $127.65 million, a price-to-earnings ratio of 96.83 and a beta of 0.88. The stock has a 50-day moving average price of $6.25 and a two-hundred day moving average price of $5.99. Everspin Technologies has a 12 month low of $4.89 and a 12 month high of $9.39.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price target on shares of Everspin Technologies in a research 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.