Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.26 and traded as low as $5.67. Everspin Technologies shares last traded at $5.73, with a volume of 29,283 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MRAM. StockNews.com raised shares of Everspin Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, December 28th. Needham & Company LLC reiterated a "buy" rating and set a $8.00 price objective on shares of Everspin Technologies in a report on Thursday, October 31st.
Read Our Latest Stock Report on MRAM
Everspin Technologies Price Performance
The stock's 50-day moving average price is $6.22 and its 200 day moving average price is $5.99. The firm has a market cap of $134.69 million, a P/E ratio of 102.17 and a beta of 0.88.
Hedge Funds Weigh In On Everspin Technologies
A number of large investors have recently modified their holdings of the business. Barclays PLC raised its holdings in Everspin Technologies by 157.9% during the third quarter. Barclays PLC now owns 52,654 shares of the business services provider's stock worth $310,000 after acquiring an additional 32,240 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Everspin Technologies during the 3rd quarter worth approximately $82,000. Geode Capital Management LLC raised its stake in shares of Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider's stock worth $2,437,000 after purchasing an additional 1,941 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Everspin Technologies by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider's stock valued at $346,000 after buying an additional 19,367 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Everspin Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider's stock valued at $1,294,000 after buying an additional 3,298 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors and hedge funds.
About Everspin Technologies
(
Get Free Report)
Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.
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