MoSys (MOSY) Shares Up -6.6%
MoSys Inc. (NASDAQ:MOSY) shares shot up 6.6% during trading on Thursday . The stock traded as high as $1.22 and last traded at $1.13. 201,339 shares were traded during trading, a decline of 61% from the average session volume of 514,824 shares. The stock had previously closed at $1.21.
Separately, Benchmark raised shares of MoSys from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th.
The firm has a market cap of $9.36, a price-to-earnings ratio of -0.32 and a beta of 0.72.
An institutional investor recently bought a new position in MoSys stock. Susquehanna International Group LLP bought a new stake in shares of MoSys Inc. (NASDAQ:MOSY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 165,605 shares of the semiconductor producer’s stock, valued at approximately $283,000. Susquehanna International Group LLP owned approximately 2.07% of MoSys at the end of the most recent quarter. Institutional investors and hedge funds own 10.30% of the company’s stock.
MoSys, Inc (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names.
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