Craig Hallum Downgrades PLX Technology to Sell (PLXT)
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of PLX Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Analysts at TheStreet upgraded shares of PLX Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd.
PLX Technology (NASDAQ:PLXT) opened at 6.49 on Tuesday. PLX Technology has a one year low of $4.57 and a one year high of $6.91. The stock’s 50-day moving average is $5.93 and its 200-day moving average is $6.12. The company has a market cap of $297.9 million and a P/E ratio of 44.38.
PLX Technology (NASDAQ:PLXT) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.05. The company had revenue of $24.80 million for the quarter, compared to the consensus estimate of $25.47 million. During the same quarter last year, the company posted $0.09 earnings per share. PLX Technology’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that PLX Technology will post $0.28 EPS for the current fiscal year.
PLX Technology, Inc (NASDAQ:PLXT) is engaged in designing, developing, manufacturing, and selling integrated circuits that perform critical system connectivity functions.
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