Everspin Technologies (NASDAQ:MRAM) Shares Cross Below 50-Day Moving Average – Time to Sell?

Everspin Technologies, Inc. (NASDAQ:MRAM)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.26 and traded as low as $5.67. Everspin Technologies shares last traded at $5.73, with a volume of 29,283 shares traded.

Analyst Ratings Changes

MRAM has been the subject of a number of research reports. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of Everspin Technologies in a research report on Thursday, October 31st.

Everspin Technologies Stock Up 0.2 %

The stock has a market cap of $125.89 million, a price-to-earnings ratio of 95.50 and a beta of 0.88. The business has a 50-day moving average of $6.26 and a 200-day moving average of $6.00.

Institutional Trading of Everspin Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in MRAM. Herald Investment Management Ltd lifted its position in shares of Everspin Technologies by 20.0% in the fourth quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider’s stock worth $3,822,000 after buying an additional 100,000 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Everspin Technologies in the fourth quarter worth about $292,000. Barclays PLC lifted its position in shares of Everspin Technologies by 157.9% in the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after buying an additional 32,240 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in shares of Everspin Technologies in the fourth quarter worth about $162,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Everspin Technologies by 49.3% in the third quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock worth $346,000 after buying an additional 19,367 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Technologies Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.