Shares of Resonant Inc. (NASDAQ:RESN – Get Rating) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.50.
Several equities research analysts have recently commented on the company. Stifel Nicolaus downgraded Resonant from a “buy” rating to a “hold” rating and reduced their target price for the company from $5.50 to $4.50 in a report on Tuesday, February 15th. StockNews.com raised Resonant to a “sell” rating in a report on Tuesday, March 22nd. Craig Hallum downgraded Resonant from a “buy” rating to a “hold” rating and set a $4.50 target price for the company. in a report on Tuesday, February 15th. Benchmark lowered Resonant from a “buy” rating to a “hold” rating in a research report on Wednesday, February 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Resonant in a research report on Wednesday, February 16th.
Shares of NASDAQ RESN remained flat at $$4.48 during mid-day trading on Thursday. Resonant has a twelve month low of $1.18 and a twelve month high of $4.50. The firm has a market capitalization of $300.99 million, a P/E ratio of -7.86 and a beta of 1.24. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $3.89 and a 200 day moving average price of $2.68.
Resonant Company Profile (Get Rating)
Resonant Inc, a late-stage development company, designs and develops filters for radio frequency (RF) and front-ends used in the mobile device, automotive, medical, Internet-of-Things, and related industries in Japan, China, and internationally. It uses WaveX, a software platform to configure and connect resonators that are building blocks of RF filters.
- Get a free copy of the StockNews.com research report on Resonant (RESN)
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