Zacks: MoSys Inc. (MOSY) Given Average Recommendation of “Strong Buy” by Analysts

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Shares of MoSys Inc. (NASDAQ:MOSY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $3.00 for the company, according to Zacks. Zacks has also assigned MoSys an industry rank of 82 out of 255 based on the ratings given to its competitors.

A hedge fund recently bought a new stake in MoSys stock. Macquarie Group Ltd. bought a new stake in shares of MoSys Inc. (NASDAQ:MOSY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 63,158 shares of the semiconductor producer’s stock, valued at approximately $111,000. Macquarie Group Ltd. owned 0.77% of MoSys as of its most recent SEC filing. 13.31% of the stock is currently owned by institutional investors.

Shares of MOSY traded down $0.01 during trading hours on Friday, hitting $0.24. 3,156,375 shares of the company were exchanged, compared to its average volume of 2,526,023. MoSys has a 52 week low of $0.20 and a 52 week high of $2.23. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 1.14.

MoSys (NASDAQ:MOSY) last announced its earnings results on Wednesday, July 25th. The semiconductor producer reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. MoSys had a negative return on equity of 14.95% and a negative net margin of 10.67%. The firm had revenue of $4.60 million during the quarter.

About MoSys

MoSys, Inc, a semiconductor company, develops and sells integrated circuits (ICs) for the high-speed cloud networking, communications, security appliance, video, monitor and test, data center, and computing markets. The company offers memory-dominated ICs under the Bandwidth Engine and Programmable Search Engine names.

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