Sidoti Downgrades Micrel to Neutral (MCRL)
Micrel (NASDAQ:MCRL) was downgraded by stock analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of Micrel (NASDAQ:MCRL) traded down 2.37% during mid-day trading on Thursday, hitting $9.04. 79,291 shares of the company’s stock traded hands. Micrel has a 52 week low of $8.89 and a 52 week high of $11.01. The stock’s 50-day moving average is $9.90 and its 200-day moving average is $10.08. The company has a market cap of $522.8 million and a price-to-earnings ratio of 52.31.
Micrel, Incorporated (NASDAQ:MCRL) designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs.
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