DSP Group Inc. (DSPG) Hits New 1-Year High at $11.99
DSP Group Inc. (NASDAQ:DSPG) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.99 and last traded at $11.96, with a volume of 31,940 shares trading hands. The stock had previously closed at $11.78.
A number of research analysts recently issued reports on DSPG shares. Canaccord Genuity started coverage on DSP Group in a report on Tuesday, August 9th. They issued a “buy” rating and a $14.00 target price for the company. TheStreet upgraded DSP Group from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Needham & Company LLC lifted their target price on DSP Group from $11.00 to $12.50 and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Zacks Investment Research lowered DSP Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.88.
The firm’s market cap is $264.26 million. The firm’s 50 day moving average price is $10.72 and its 200-day moving average price is $9.70.
DSP Group (NASDAQ:DSPG) last released its quarterly earnings data on Monday, August 1st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $36.20 million for the quarter, compared to analyst estimates of $36 million. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, equities analysts predict that DSP Group Inc. will post $0.31 EPS for the current year.
DSP Group, Inc is a provider of wireless chipset solutions for converged communications. The Company delivers semiconductor system solutions with software and hardware reference designs and enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products.
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