Media coverage about Everspin Technologies (NASDAQ:MRAM) has been trending somewhat negative this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Everspin Technologies earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 47.0185652896082 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

A number of research firms have issued reports on MRAM. Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Everspin Technologies in a research report on Thursday. TheStreet raised shares of Everspin Technologies from a “d” rating to a “c-” rating in a research report on Monday, August 6th. Finally, Zacks Investment Research lowered shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Everspin Technologies currently has a consensus rating of “Buy” and a consensus target price of $13.75.

Everspin Technologies traded down $0.28, hitting $8.99, on Friday, according to MarketBeat Ratings. The company had a trading volume of 165,125 shares, compared to its average volume of 110,425. The firm has a market cap of $154.57 million, a PE ratio of -5.32 and a beta of 2.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.24 and a current ratio of 3.89. Everspin Technologies has a 12-month low of $6.40 and a 12-month high of $19.25.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, August 8th. The business services provider reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.02. Everspin Technologies had a negative net margin of 39.62% and a negative return on equity of 86.22%. The company had revenue of $10.80 million during the quarter, compared to analyst estimates of $11.10 million. The company’s revenue was up 21.3% on a year-over-year basis. equities analysts predict that Everspin Technologies will post -1.13 EPS for the current fiscal year.

In other Everspin Technologies news, VP Thomas Andre sold 4,807 shares of Everspin Technologies stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $8.58, for a total transaction of $41,244.06. Following the sale, the vice president now owns 13,551 shares of the company’s stock, valued at approximately $116,267.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 24.00% of the company’s stock.

Everspin Technologies Company Profile

Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets.

Read More: Earnings Per Share (EPS)

Insider Buying and Selling by Quarter for Everspin Technologies (NASDAQ:MRAM)

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