Adesto Technologies (NASDAQ:IOTS) Issues Earnings Results, Misses Expectations By $0.17 EPS

Adesto Technologies (NASDAQ:IOTS) issued its earnings results on Monday. The technology company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.17), Yahoo Finance reports. Adesto Technologies had a negative return on equity of 23.38% and a negative net margin of 22.73%.

IOTS stock opened at $12.54 on Thursday. Adesto Technologies has a 12-month low of $6.68 and a 12-month high of $12.55. The company has a current ratio of 1.87, a quick ratio of 1.43 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $12.04 and a two-hundred day moving average of $10.19.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Adesto Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 10th. ValuEngine upgraded shares of Adesto Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, March 18th. BidaskClub downgraded shares of Adesto Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, June 18th. Finally, Loop Capital restated a “hold” rating and issued a $12.55 price target on shares of Adesto Technologies in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.08.

About Adesto Technologies

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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Earnings History for Adesto Technologies (NASDAQ:IOTS)

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