QuickLogic Corp. (QUIK) Posts Quarterly Results
QuickLogic Corp. (NASDAQ:QUIK) released its earnings data on Wednesday. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.01, Analyst Ratings.Net reports. The company had revenue of $9.10 million for the quarter, compared to the consensus estimate of $6.00 million. During the same quarter last year, the company posted ($0.05) earnings per share. QuickLogic Corp.’s revenue was up 145.9% compared to the same quarter last year.
On a related note, analysts at Roth Capital raised their price target on shares of QuickLogic Corp. from $4.00 to $5.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Shares of QuickLogic Corp. (NASDAQ:QUIK) traded down 1.04% during mid-day trading on Wednesday, hitting $3.79. The stock had a trading volume of 492,297 shares. QuickLogic Corp. has a 1-year low of $1.83 and a 1-year high of $3.29. The stock has a 50-day moving average of $2.58 and a 200-day moving average of $2.40. The company’s market cap is $169.6 million.
QuickLogic Corporation develops and markets semiconductor solutions. It is a fabless semiconductor company that designs, markets and supports primarily Customer Specific Standard Products (NASDAQ:QUIK), and Field Programmable Gate Arrays (FPGAs), associated design software and programming hardware.
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