MoSys (MOSY) Shares Up 8%
Shares of MoSys Inc. (NASDAQ:MOSY) shot up 8% on Monday . The company traded as high as $1.22 and last traded at $1.22. 764,600 shares were traded during mid-day trading, a decline of 9% from the average session volume of 839,863 shares. The stock had previously closed at $1.13.
Separately, Benchmark raised shares of MoSys from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th.
MoSys (NASDAQ:MOSY) last released its quarterly earnings results on Monday, November 13th. The semiconductor producer reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.30. MoSys had a negative net margin of 383.73% and a negative return on equity of 131.45%. The firm had revenue of $2.45 million during the quarter.
An institutional investor recently bought a new position in MoSys stock. Susquehanna International Group LLP purchased a new position in shares of MoSys Inc. (NASDAQ:MOSY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 165,605 shares of the semiconductor producer’s stock, valued at approximately $283,000. Susquehanna International Group LLP owned about 2.07% of MoSys as of its most recent filing with the Securities and Exchange Commission (SEC). 15.05% of the stock is owned by hedge funds and other institutional investors.
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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