GCT Semiconductor (GCTS) to Release Quarterly Earnings on Thursday

GCT Semiconductor (NYSE:GCTS - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect GCT Semiconductor to post earnings of ($0.15) per share and revenue of $2.03 million for the quarter.

GCT Semiconductor Stock Performance

GCTS stock traded down $0.08 during trading hours on Tuesday, reaching $1.86. The stock had a trading volume of 181,923 shares, compared to its average volume of 436,947. The stock has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $2.52. GCT Semiconductor has a fifty-two week low of $1.84 and a fifty-two week high of $56.00.

Analyst Ratings Changes

Separately, B. Riley cut their target price on shares of GCT Semiconductor from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, February 3rd.

About GCT Semiconductor

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.