Adesto Technologies (NASDAQ:IOTS) released its quarterly earnings results on Tuesday. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, Bloomberg Earnings reports. Adesto Technologies had a negative net margin of 13.86% and a negative return on equity of 16.47%.
Shares of Adesto Technologies (IOTS) traded up $0.05 on Tuesday, hitting $6.65. 96,846 shares of the stock traded hands, compared to its average volume of 121,572. The firm has a market cap of $136.35, a PE ratio of -14.67, a P/E/G ratio of 2.87 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.41 and a quick ratio of 3.98. Adesto Technologies has a 12 month low of $3.36 and a 12 month high of $9.20.
In other news, VP Ishai Naveh sold 10,000 shares of Adesto Technologies stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $7.83, for a total value of $78,300.00. Following the transaction, the vice president now owns 156,806 shares of the company’s stock, valued at approximately $1,227,790.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gideon D. Intrater sold 3,572 shares of Adesto Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.09, for a total transaction of $28,897.48. Following the completion of the transaction, the insider now directly owns 75,708 shares in the company, valued at approximately $612,477.72. The disclosure for this sale can be found here. Insiders sold a total of 52,094 shares of company stock worth $422,020 in the last ninety days. Corporate insiders own 22.10% of the company’s stock.
A number of research firms have commented on IOTS. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Adesto Technologies in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th.
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Adesto Technologies Company Profile
Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.
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