Atomera (NASDAQ:ATOM) Announces Quarterly Earnings Results

Atomera (NASDAQ:ATOM) issued its earnings results on Wednesday. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.04), Yahoo Finance reports. The firm had revenue of $0.02 million during the quarter.

Atomera Stock Performance

Atomera stock opened at $4.40 on Thursday. Atomera has a 52-week low of $3.68 and a 52-week high of $10.72. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $6.03 and its 200 day moving average is $6.60.

Insiders Place Their Bets

In other news, CEO Scott A. Bibaud sold 8,027 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $6.20, for a total transaction of $49,767.40. Following the sale, the chief executive officer now directly owns 346,810 shares in the company, valued at approximately $2,150,222. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 17,518 shares of company stock valued at $110,687 in the last three months. Corporate insiders own 13.00% of the company’s stock.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.