Shares of ANADIGICS, Inc. (NASDAQ:ANAD) jumped in after hours trading on Monday after it had a loss but met Wall Street’s anticipations, and came up short on topping the revenue predicting. The revenue miss is a negative sign to shareholders looking for high growth out of the firm.
The adjusted EPS surged to $-0.2 in the quarter against EPS of $-0.21 in the year-previous quarter.
The revenue plunged 7.14 percent to $26.4M from the year-earlier quarter.
Anadigics, Inc. declared adjusted EPS loss of $0.2 a share. By that determine, the firm missed the mean analyst predicts of $-0.2. It missed the average revenue anticipates of $26.9 million.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Broadcom Corporation (NASDAQ:BRCM) rose +2.53%, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) edged up +1.62%, Marvell Technology Group Ltd. (NASDAQ:MRVL) which also increased +0.95% and MEMC Electronic Materials, Inc. (NYSE:WFR) closed up +3.70%.
ANADIGICS, Inc. (NASDAQ:ANAD) stock’s trade at beginning with a price of $1.92 and throughout the trading session climbed at a high of $2.00 other than when day-trade ended the stock finally advanced +2.60% to $1.97.
The stock is going forward its 52 week low with 87.62% and lagging behind from its 52 week high price with -31.36%. ANAD last month stock price volatility remained 4.53%.
ANAD stock institutional ownership remained 42.34% while insider ownership included 2.49%. In its share capital ANAD has 82.08 million outstanding shares among them 81.47 million shares have been floated in market exchange.
Company’s beta coefficient included 1.99. Beta factors measures the amount of market risk associated with market trade.
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Entire Disclaimer Here