Separately, Needham & Company LLC lifted their price target on Everspin Technologies from $12.00 to $13.00 and gave the company a strong-buy rating in a research note on Thursday, March 3rd.
NASDAQ:MRAM opened at $5.71 on Friday. Everspin Technologies has a 52 week low of $5.06 and a 52 week high of $14.36. The firm has a 50 day moving average of $7.61 and a 200 day moving average of $9.33. The company has a quick ratio of 3.60, a current ratio of 4.33 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $114.39 million, a price-to-earnings ratio of 17.30 and a beta of 1.26.
Several hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in Everspin Technologies by 246.2% in the third quarter. Barclays PLC now owns 5,217 shares of the business services provider’s stock worth $34,000 after acquiring an additional 3,710 shares during the period. Prospera Financial Services Inc purchased a new position in Everspin Technologies in the first quarter worth approximately $41,000. Covestor Ltd purchased a new position in Everspin Technologies in the fourth quarter worth approximately $44,000. Dorsey Wright & Associates purchased a new position in Everspin Technologies in the fourth quarter worth approximately $58,000. Finally, BNP Paribas Arbitrage SA purchased a new position in Everspin Technologies in the fourth quarter worth approximately $71,000. Institutional investors and hedge funds own 54.57% of the company’s stock.
About Everspin Technologies (Get Rating)
Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM.
- Get a free copy of the StockNews.com research report on Everspin Technologies (MRAM)
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