QuickLogic (QUIK) Posts Earnings Results, Hits Expectations
QuickLogic (NASDAQ:QUIK) posted its quarterly earnings data on Wednesday. The semiconductor company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04), Bloomberg Earnings reports. QuickLogic had a negative return on equity of 76.28% and a negative net margin of 120.37%. During the same period in the previous year, the business posted ($0.05) earnings per share.
Shares of QuickLogic (NASDAQ:QUIK) traded up $0.12 on Wednesday, reaching $2.10. The company’s stock had a trading volume of 484,170 shares, compared to its average volume of 317,967. QuickLogic has a 12 month low of $1.15 and a 12 month high of $2.48. The company has a current ratio of 2.61, a quick ratio of 2.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $169.58, a PE ratio of -10.50 and a beta of 0.12.
A number of analysts have commented on the company. Roth Capital reaffirmed a “buy” rating and set a $2.50 price target (up previously from $2.00) on shares of QuickLogic in a research report on Friday, January 19th. Zacks Investment Research cut QuickLogic from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a research report on Thursday, January 4th.
QuickLogic Company Profile
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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