Everspin Technologies (MRAM) to Release Earnings on Thursday

Everspin Technologies (NASDAQ:MRAM) is scheduled to be releasing its earnings data after the market closes on Thursday, March 14th. Analysts expect Everspin Technologies to post earnings of ($0.23) per share for the quarter.

MRAM stock opened at $8.47 on Thursday. Everspin Technologies has a one year low of $5.30 and a one year high of $11.20. The firm has a market capitalization of $149.40 million, a PE ratio of -5.01 and a beta of 2.35. The company has a quick ratio of 2.36, a current ratio of 2.95 and a debt-to-equity ratio of 0.29.

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Several analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of Everspin Technologies in a research note on Wednesday, February 20th. ValuEngine upgraded shares of Everspin Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $11.83.

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Everspin Technologies Company Profile

Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets.

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