Resonant Inc. (NASDAQ:RESN) Announces Quarterly Earnings Results

Resonant Inc. (NASDAQ:RESN) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.03, Bloomberg Earnings reports. Resonant had a negative net margin of 3,959.40% and a negative return on equity of 152.50%.

Resonant (NASDAQ:RESN) traded up 6.29% during midday trading on Wednesday, hitting $4.90. 139,156 shares of the company traded hands. The stock’s market cap is $71.07 million. The stock has a 50 day moving average of $4.63 and a 200 day moving average of $4.63. Resonant has a 12-month low of $3.82 and a 12-month high of $6.76.

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Several brokerages have commented on RESN. Rodman & Renshaw began coverage on shares of Resonant in a research report on Tuesday, April 25th. They set a “buy” rating and a $8.00 target price on the stock. Zacks Investment Research lowered shares of Resonant from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Drexel Hamilton restated a “buy” rating and set a $8.00 target price on shares of Resonant in a research report on Friday, June 23rd. Finally, HC Wainwright set a $8.00 target price on shares of Resonant and gave the stock a “buy” rating in a research report on Saturday, June 24th.

Resonant Company Profile

Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.

Earnings History for Resonant (NASDAQ:RESN)

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