Adesto Technologies Corporation (IOTS) VP Sells $55,663.47 in Stock
Adesto Technologies Corporation (NASDAQ:IOTS) VP Raphael Mehrbians sold 7,109 shares of Adesto Technologies Corporation stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.83, for a total value of $55,663.47. Following the completion of the sale, the vice president now owns 13,850 shares of the company’s stock, valued at $108,445.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Adesto Technologies Corporation (IOTS) opened at $7.70 on Monday. Adesto Technologies Corporation has a 52 week low of $1.55 and a 52 week high of $9.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.41 and a quick ratio of 3.98.
Adesto Technologies Corporation (NASDAQ:IOTS) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Adesto Technologies Corporation had a negative return on equity of 16.47% and a negative net margin of 13.86%. The company had revenue of $15.24 million for the quarter, compared to analyst estimates of $14.50 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. sell-side analysts anticipate that Adesto Technologies Corporation will post -0.25 EPS for the current year.
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Several research firms recently weighed in on IOTS. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Adesto Technologies Corporation in a report on Thursday, November 9th. Zacks Investment Research upgraded Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Wednesday, November 15th.
Adesto Technologies Corporation Company Profile
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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