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Entropic Communications (NASDAQ:ENTR)’s share price hit a new 52-week low on Thursday , reports. The company traded as low as $2.44 and last traded at $2.62, with a volume of 500,853 shares. The stock had previously closed at $2.65.

A number of research firms have recently commented on ENTR. Analysts at Credit Suisse cut their price target on shares of Entropic Communications from $3.50 to $3.00 in a research note on Thursday, July 31st. They now have an “underperform” rating on the stock. Analysts at Needham & Company LLC upgraded shares of Entropic Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $4.50 price target on the stock.

The stock has a 50-day moving average of $2.9 and a 200-day moving average of $3.59. The company’s market cap is $233.5 million.

Entropic Communications (NASDAQ:ENTR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $50.94 million. During the same quarter last year, the company posted $0.01 earnings per share. Entropic Communications’s revenue was down 28.9% compared to the same quarter last year. On average, analysts predict that Entropic Communications will post $-0.44 earnings per share for the current fiscal year.

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.

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