Peraso (NASDAQ:PRSO) Raised to Strong-Buy at LADENBURG THALM/SH SH

Peraso (NASDAQ:PRSO) was upgraded by LADENBURG THALM/SH SH to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

PRSO has been the subject of a number of other reports. Wall Street Zen upgraded Peraso to a “hold” rating in a research report on Friday, June 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Peraso in a research report on Saturday, September 27th. Finally, Benchmark restated a “buy” rating and set a $3.00 price objective on shares of Peraso in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Peraso presently has an average rating of “Moderate Buy” and an average target price of $3.00.

Peraso Price Performance

Shares of PRSO opened at $1.22 on Thursday. Peraso has a 1 year low of $0.52 and a 1 year high of $2.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.03 and a quick ratio of 1.48. The company has a market capitalization of $7.57 million, a price-to-earnings ratio of -0.69 and a beta of 1.00. The business has a 50-day moving average of $1.00 and a 200-day moving average of $0.95.

Peraso Company Profile

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.