MoSys (MOSY) Trading 9% Higher
MoSys Inc. (NASDAQ:MOSY) shares traded up 9% on Wednesday . The company traded as high as $1.50 and last traded at $1.46. 1,166,900 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 755,660 shares. The stock had previously closed at $1.34.
Separately, Benchmark upgraded shares of MoSys from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th.
The firm has a market capitalization of $10.81, a PE ratio of -0.42 and a beta of 0.65.
MoSys (NASDAQ:MOSY) last issued its quarterly earnings data on Monday, November 13th. The semiconductor producer reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.30. MoSys had a negative net margin of 383.73% and a negative return on equity of 131.45%. The business had revenue of $2.45 million during the quarter.
A hedge fund recently bought a new stake in MoSys stock. Susquehanna International Group LLP purchased a new position in shares of MoSys Inc. (NASDAQ:MOSY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 165,605 shares of the semiconductor producer’s stock, valued at approximately $283,000. Susquehanna International Group LLP owned about 2.07% of MoSys as of its most recent SEC filing. Hedge funds and other institutional investors own 15.05% of the company’s stock.
MoSys, Inc (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names.
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