Magnachip Semiconductor (MX) Expected to Announce Earnings on Wednesday

Magnachip Semiconductor (NYSE:MX - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $61.57 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Magnachip Semiconductor Stock Down 1.5 %

Magnachip Semiconductor stock traded down $0.08 during trading hours on Friday, hitting $4.96. 401,658 shares of the stock traded hands, compared to its average volume of 201,158. The firm's 50-day moving average price is $4.19 and its two-hundred day moving average price is $4.40. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. The company has a market cap of $184.33 million, a PE ratio of -4.27 and a beta of 0.66. Magnachip Semiconductor has a one year low of $3.56 and a one year high of $6.86.

Analyst Ratings Changes

Separately, StockNews.com cut Magnachip Semiconductor from a "hold" rating to a "sell" rating in a research report on Friday, January 17th.

Magnachip Semiconductor Company Profile

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.