Media stories about Adesto Technologies (NASDAQ:IOTS) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Adesto Technologies earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.087428298303 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Adesto Technologies in a research report on Wednesday, January 17th. TheStreet raised Adesto Technologies from a “d” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research lowered Adesto Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Adesto Technologies has a consensus rating of “Buy” and a consensus price target of $8.67.
Shares of Adesto Technologies (NASDAQ IOTS) traded up $0.07 during trading on Wednesday, hitting $6.72. The company had a trading volume of 96,976 shares, compared to its average volume of 112,345. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.41 and a quick ratio of 3.98. The firm has a market cap of $137.40, a P/E ratio of -19.29, a P/E/G ratio of 2.89 and a beta of 1.73. Adesto Technologies has a 1 year low of $3.70 and a 1 year high of $9.20.
In other news, VP Janet Wang sold 8,333 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $6.50, for a total transaction of $54,164.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.10% of the company’s stock.
About Adesto Technologies
Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.
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