Atomera (NASDAQ:ATOM) Posts Earnings Results, Misses Expectations By $0.01 EPS

Atomera (NASDAQ:ATOM) posted its earnings results on Tuesday. The technology company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01), Zacks reports. The firm had revenue of $0.07 million for the quarter.

Atomera Trading Down 10.8 %

Atomera stock traded down $0.38 during midday trading on Thursday, reaching $3.13. The stock had a trading volume of 190,287 shares, compared to its average volume of 250,343. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.08. Atomera has a 52-week low of $3.02 and a 52-week high of $9.19. The firm has a market cap of $84.17 million, a price-to-earnings ratio of -4.04 and a beta of 1.58. The company has a fifty day moving average of $3.89 and a 200 day moving average of $5.40.

Wall Street Analyst Weigh In

Separately, Craig Hallum reduced their target price on shares of Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday.

Atomera Company Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.