Entropic Communications Sets New 1-Year Low Following Weak Earnings (ENTR)
Entropic Communications (NASDAQ:ENTR) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement, AmericanBankingNews.com reports. The company traded as low as $3.56 and last traded at $3.65, with a volume of 688,049 shares trading hands. The stock had previously closed at $3.69.
The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.01. The company had revenue of $55.66 million for the quarter, compared to the consensus estimate of $55.57 million. The company’s quarterly revenue was down 25.3% on a year-over-year basis.
The stock has a 50-day moving average of $4.05 and a 200-day moving average of $4.37. The company’s market cap is $325.0 million.
Entropic Communications, Inc provides semiconductor solutions for the connected home. The Company’s Set-top Box (NASDAQ:ENTR), System-on-a-Chip (SoC), and home connectivity, or connectivity, solutions enable global pay-television (TV) operators to offer consumers whole-home entertainment experiences.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.