TheStreet Downgrades Rda Microelectronics to Hold (RDA)
The analysts wrote, “RDA Microelectronics (RDA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.”
Shares of Rda Microelectronics (NYSE:RDA) traded up 0.06% on Thursday, hitting $17.10. The stock had a trading volume of 11,962 shares. Rda Microelectronics has a 52 week low of $10.21 and a 52 week high of $18.40. The stock’s 50-day moving average is $16.8 and its 200-day moving average is $17.6. The company has a market cap of $793.8 million and a P/E ratio of 28.48.
RDA Microelectronics, Inc (NYSE:RDA) is engaged in fabless semiconductor company, which designs, develops and markets radio-frequency and mixed-signal semiconductors for a range of cellular, broadcast, and connectivity applications.
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