Shares of Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) crossed 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 traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. StockNews.com upgraded 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 research report on Thursday, October 31st.
Get Our Latest Report on MRAM
Everspin Technologies Trading Up 5.5 %
The stock's 50-day simple moving average is $6.22 and its 200-day simple moving average is $5.99. The stock has a market cap of $134.69 million, a price-to-earnings ratio of 102.17 and a beta of 0.88.
Hedge Funds Weigh In On Everspin Technologies
A number of hedge funds have recently added to or reduced their stakes in the stock. Herald Investment Management Ltd raised its stake in Everspin Technologies by 20.0% in the fourth quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider's stock valued at $3,822,000 after purchasing an additional 100,000 shares in the last quarter. Bailard Inc. acquired a new position in shares of Everspin Technologies in the 4th quarter valued at approximately $292,000. Barclays PLC lifted its holdings in shares of Everspin Technologies by 157.9% during the 3rd 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 during the period. Total Clarity Wealth Management Inc. acquired a new stake in shares of Everspin Technologies during the 4th quarter worth approximately $162,000. Finally, JPMorgan Chase & Co. increased its stake in Everspin Technologies by 49.3% in the third quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider's stock valued at $346,000 after acquiring an additional 19,367 shares during the last quarter. Institutional investors own 44.68% of the company's stock.
About Everspin Technologies
(
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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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