MoSys, Inc. (NASDAQ:MOSY) Issues Quarterly Earnings Results
MoSys, Inc. (NASDAQ:MOSY) released its quarterly earnings data on Monday. The semiconductor producer reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.06, Bloomberg Earnings reports. MoSys had a negative net margin of 511.21% and a negative return on equity of 132.36%. The firm had revenue of $1.38 million during the quarter.
Shares of MoSys (NASDAQ MOSY) traded down 5.5538% during mid-day trading on Tuesday, reaching $1.2278. 240,507 shares of the company’s stock were exchanged. MoSys has a one year low of $0.55 and a one year high of $8.30. The company’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.22. The company’s market capitalization is $8.20 million.
Separately, Benchmark Co. cut shares of MoSys from a “speculative buy” rating to a “hold” rating in a report on Thursday, April 13th.
MoSys, Inc (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names.
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