Rda Microelectronics Given Average Rating of “Hold” by Analysts (NYSE:RDA)
Rda Microelectronics (NYSE:RDA) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, StockRatingsNetwork.com reports. Eight analysts have rated the stock with a hold rating, The average 1-year price target among analysts that have covered the stock in the last year is $16.62.
Separately, analysts at TheStreet downgraded shares of Rda Microelectronics from a “buy” rating to a “hold” rating in a research note on Thursday.
Shares of Rda Microelectronics (NYSE:RDA) traded down 0.12% on Friday, hitting $17.11. The stock had a trading volume of 36,069 shares. Rda Microelectronics has a 52 week low of $10.37 and a 52 week high of $18.40. The stock has a 50-day moving average of $16.83 and a 200-day moving average of $17.61. The company has a market cap of $794.2 million and a P/E ratio of 28.55.
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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