QuickLogic (NASDAQ:QUIK) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

QuickLogic (NASDAQ:QUIK) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, Fidelity Earnings reports. QuickLogic had a negative return on equity of 77.17% and a negative net margin of 120.05%. The company had revenue of $2.16 million during the quarter, compared to analyst estimates of $2.10 million. During the same quarter last year, the firm posted ($0.03) EPS.

QUIK traded up $0.01 during trading hours on Friday, hitting $0.30. The stock had a trading volume of 465,100 shares, compared to its average volume of 352,687. The company has a quick ratio of 1.68, a current ratio of 1.86 and a debt-to-equity ratio of 0.08. QuickLogic has a 1 year low of $0.29 and a 1 year high of $1.19. The company’s fifty day simple moving average is $0.36 and its 200 day simple moving average is $0.53. The stock has a market cap of $42.68 million, a PE ratio of -2.00 and a beta of 0.39.

Several brokerages recently weighed in on QUIK. CIBC began coverage on QuickLogic in a report on Thursday, August 15th. They issued an “outperform” rating for the company. ValuEngine lowered QuickLogic from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Zacks Investment Research raised QuickLogic from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Oppenheimer began coverage on QuickLogic in a report on Wednesday, August 14th. They issued an “outperform” rating and a $1.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1.00.

QuickLogic Company Profile

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable and hearable devices, tablets, and the Internet-of-Things. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low field programmable gate arrays (FPGAs), and programming hardware and design software solutions.

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Earnings History for QuickLogic (NASDAQ:QUIK)

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