Micrel Reaches New 1-Year High at $12.69 (MCRL)
Micrel (NASDAQ:MCRL)’s share price reached a new 52-week high during trading on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $12.69 and last traded at $12.52, with a volume of 145,532 shares traded. The stock had previously closed at $12.53.
The stock has a 50-day moving average of $11.37 and a 200-day moving average of $10.90. The company has a market cap of $711.2 million and a price-to-earnings ratio of 54.48. Micrel also saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 1,881,720 shares, an increase of 23.9% from the July 31st total of 1,519,292 shares. Based on an average trading volume of 501,216 shares, the short-interest ratio is currently 3.8 days. Currently, 4.2% of the shares of the company are sold short.
Micrel (NASDAQ:MCRL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $62.34 million for the quarter, compared to the consensus estimate of $63.45 million. During the same quarter last year, the company posted $0.10 earnings per share. Micrel’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Micrel will post $0.30 EPS for the current fiscal year.
In other Micrel news, VP James Guy Gandenberger unloaded 2,486 shares of Micrel stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $12.52, for a total value of $31,124.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Micrel, Incorporated (NASDAQ:MCRL) designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs.
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