Micronet Enertec (MICT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Micronet Enertec (NASDAQ:MICT) posted its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.01, American Banking and Market News reports. The company had revenue of $5.60 million for the quarter, compared to the consensus estimate of $7.00 million.
On a related note, analysts at Aegis initiated coverage on shares of Micronet Enertec in a research note on Thursday, March 13th. They set a “hold” rating on the stock.
Shares of Micronet Enertec (NASDAQ:MICT) opened at 4.03 on Thursday. Micronet Enertec has a 52 week low of $3.75 and a 52 week high of $6.37. The stock has a 50-day moving average of $4.32 and a 200-day moving average of $4.79. The company’s market cap is $23.5 million.
Micronet Enertec Technologies, Inc, formerly formerly Lapis Technologies, Inc, operate through two Israel-based companies, Enertec Systems 2001 Ltd (NASDAQ:MICT), its wholly owned subsidiary, and Micronet Ltd (Micronet), in which it has a controlling interest.
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