MoSys Inc. (MOSY) Shares Gap Up on Better-Than-Expected Earnings
MoSys Inc. (NASDAQ:MOSY) shares gapped up prior to trading on Monday after the company announced better than expected quarterly earnings. The stock had previously closed at $1.51, but opened at $1.54. MoSys shares last traded at $1.43, with a volume of 606,895 shares traded.
The semiconductor producer reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.06. The company had revenue of $1.38 million during the quarter. MoSys had a negative return on equity of 133.77% and a negative net margin of 363.45%.
Separately, Benchmark Co. downgraded MoSys from a “speculative buy” rating to a “hold” rating in a research report on Thursday, April 13th.
The firm’s market cap is $8.14 million. The stock has a 50 day moving average of $1.53 and a 200-day moving average of $1.33.
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MoSys Company Profile
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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