Adesto Technologies Corp (NASDAQ:IOTS) CFO Ron Shelton sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $7.20, for a total value of $108,000.00.
Shares of IOTS opened at $6.98 on Tuesday. The business’s 50 day simple moving average is $7.96 and its 200-day simple moving average is $8.55. Adesto Technologies Corp has a 1 year low of $4.10 and a 1 year high of $11.97. The stock has a market capitalization of $211.22 million, a price-to-earnings ratio of -24.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.90 and a quick ratio of 1.56.
Adesto Technologies (NASDAQ:IOTS) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Adesto Technologies had a negative return on equity of 13.61% and a negative net margin of 21.81%. The company had revenue of $32.03 million for the quarter, compared to analyst estimates of $32.99 million. On average, sell-side analysts expect that Adesto Technologies Corp will post -0.19 earnings per share for the current year.
Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Adesto Technologies in a report on Wednesday, November 6th. Craig Hallum assumed coverage on Adesto Technologies in a report on Thursday, September 19th. They set a “buy” rating and a $13.00 price objective on the stock. Northland Securities cut Adesto Technologies from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a report on Monday, August 12th. Loop Capital assumed coverage on Adesto Technologies in a report on Tuesday, September 17th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, TheStreet raised Adesto Technologies from a “d” rating to a “c-” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Adesto Technologies has a consensus rating of “Buy” and a consensus target price of $11.50.
Adesto Technologies Company Profile
Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors and embedded systems that offer the building blocks of Internet of Things (IoT) edge devices operating on networks worldwide. The company's portfolio of semiconductor and embedded technologies are optimized for connected IoT devices and systems used in industrial, consumer, communications, and medical applications.
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