Echelon Corp. (ELON) Shares Gap Up to $4.76
Shares of Echelon Corp. (NASDAQ:ELON) gapped up before the market opened on Monday . The stock had previously closed at $4.74, but opened at $4.76. Echelon Corp. shares last traded at $4.88, with a volume of 14,749 shares traded.
The stock’s 50-day moving average is $4.87 and its 200 day moving average is $5.28. The stock’s market capitalization is $21.56 million.
Echelon Corp. (NASDAQ:ELON) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $8.60 million for the quarter, compared to the consensus estimate of $9.90 million. On average, equities research analysts expect that Echelon Corp. will post ($0.22) earnings per share for the current fiscal year.
Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.
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