Everspin Technologies, Inc. (NASDAQ:MRAM – Get Free Report) CFO Anuj Aggarwal sold 12,984 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $6.01, for a total transaction of $78,033.84. Following the sale, the chief financial officer now directly owns 276,940 shares of the company’s stock, valued at approximately $1,664,409.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Everspin Technologies Trading Up 1.6 %
NASDAQ MRAM opened at $6.43 on Friday. The company has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $7.63. The stock has a market cap of $138.37 million, a P/E ratio of 17.38 and a beta of 0.91. Everspin Technologies, Inc. has a 12-month low of $5.54 and a 12-month high of $10.50.
Everspin Technologies (NASDAQ:MRAM – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $14.43 million during the quarter. Everspin Technologies had a return on equity of 15.70% and a net margin of 12.77%. During the same period in the prior year, the company posted $0.04 earnings per share.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Needham & Company LLC decreased their target price on shares of Everspin Technologies from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. StockNews.com raised shares of Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Finally, Craig Hallum decreased their target price on shares of Everspin Technologies from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd.
Get Our Latest Research Report on MRAM
About Everspin Technologies
Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.
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