MoSys (MOSY) Shares Price Down 1.6%

MoSys (MOSY) Shares Price Down 1.6%

MoSys Inc. (NASDAQ:MOSY) shares dropped 1.6% during mid-day trading on Monday . The company traded as low as $0.24 and last traded at $0.24. Approximately 5,130 shares changed hands during trading, a decline of 99% from the average daily volume of 520,896 shares. The stock had previously closed at $0.24.

The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.45 and a current ratio of 2.06.

MoSys (NASDAQ:MOSY) last issued its quarterly earnings results on Wednesday, July 25th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. MoSys had a negative net margin of 10.67% and a negative return on equity of 14.95%. The business had revenue of $4.60 million for the quarter.

A hedge fund recently bought a new stake in MoSys stock. Macquarie Group Ltd. purchased a new position in shares of MoSys Inc. (NASDAQ:MOSY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 63,158 shares of the semiconductor producer’s stock, valued at approximately $111,000. Macquarie Group Ltd. owned 0.77% of MoSys as of its most recent SEC filing. Hedge funds and other institutional investors own 13.31% of the company’s stock.

About MoSys (NASDAQ:MOSY)

MoSys, Inc, a semiconductor company, develops and sells integrated circuits (ICs) for the high-speed cloud networking, communications, security appliance, video, monitor and test, data center, and computing markets. The company offers memory-dominated ICs under the Bandwidth Engine and Programmable Search Engine names.

Further Reading: How much money do you need to begin day trading?

Related posts

Leave a Comment