A number of firms have modified their ratings and price targets on shares of Everspin Tech (NASDAQ: MRAM) recently:

  • 11/17/2017 – Everspin Tech was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. “
  • 11/17/2017 – Everspin Tech had its price target lowered by analysts at Canaccord Genuity from $18.00 to $15.00. They now have a “buy” rating on the stock.
  • 11/15/2017 – Everspin Tech had its price target lowered by analysts at from $24.00 to $17.00. They now have a “strong-buy” rating on the stock.
  • 11/14/2017 – Everspin Tech had its price target lowered by analysts at Needham & Company LLC from $24.00 to $17.00. They now have a “strong-buy” rating on the stock.
  • 11/11/2017 – Everspin Tech was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. “
  • 10/12/2017 – Everspin Tech had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $18.00 price target on the stock.
  • 10/11/2017 – Everspin Tech was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. “

Shares of Everspin Tech (MRAM) traded up $0.22 on Tuesday, hitting $8.20. The stock had a trading volume of 210,600 shares, compared to its average volume of 162,553. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.74. Everspin Tech has a one year low of $6.63 and a one year high of $25.39.

Everspin Tech (NASDAQ:MRAM) last issued its earnings results on Monday, November 13th. The business services provider reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.02. The company had revenue of $8.30 million during the quarter, compared to analyst estimates of $9.90 million. Everspin Tech had a negative return on equity of 108.26% and a negative net margin of 66.90%. The company’s revenue was up 31.7% on a year-over-year basis. equities analysts expect that Everspin Tech will post -1.75 earnings per share for the current year.

Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology.

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