Magnachip Semiconductor (MX) Expected to Announce Quarterly Earnings on Wednesday

Magnachip Semiconductor (NYSE:MX) will likely be issuing its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $61.57 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Magnachip Semiconductor Price Performance

MX stock opened at $4.14 on Monday. The firm’s 50-day moving average price is $4.32 and its two-hundred day moving average price is $4.36. Magnachip Semiconductor has a 12-month low of $3.56 and a 12-month high of $6.00. The stock has a market capitalization of $153.83 million, a price-to-earnings ratio of -3.56 and a beta of 0.59. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, January 17th.

Magnachip Semiconductor Company Profile

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.