Resonant Inc. (RESN) Announces Earnings Results
Resonant Inc. (NASDAQ:RESN) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.03, Bloomberg Earnings reports. Resonant had a negative return on equity of 152.50% and a negative net margin of 3,959.40%.
Shares of Resonant (NASDAQ:RESN) traded up 6.29% on Wednesday, hitting $4.90. The company had a trading volume of 139,156 shares. The firm has a 50 day moving average of $4.63 and a 200-day moving average of $4.63. Resonant has a 12-month low of $3.82 and a 12-month high of $6.76. The firm’s market capitalization is $71.07 million.
A number of equities research analysts have recently weighed in on RESN shares. HC Wainwright set a $8.00 price target on Resonant and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded Resonant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Drexel Hamilton reaffirmed a “buy” rating and set a $8.00 price target on shares of Resonant in a research note on Friday, June 23rd. Finally, Rodman & Renshaw started coverage on Resonant in a research note on Tuesday, April 25th. They set a “buy” rating and a $8.00 price target for the company.
Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.
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