GCT Semiconductor (NYSE:GCTS – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04, Zacks reports. The business had revenue of $2.03 million for the quarter, compared to analysts’ expectations of $2.03 million.
GCT Semiconductor Stock Performance
GCTS stock traded up $0.05 during midday trading on Thursday, reaching $1.79. The stock had a trading volume of 123,652 shares, compared to its average volume of 414,698. The firm has a fifty day simple moving average of $2.10 and a two-hundred day simple moving average of $2.41. GCT Semiconductor has a 52-week low of $1.73 and a 52-week high of $56.00.
Analyst Upgrades and Downgrades
Separately, B. Riley decreased their price objective on shares of GCT Semiconductor from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.
About GCT Semiconductor
GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.
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