Adesto Technologies Corp (NASDAQ:IOTS) VP Thomas D. Spade sold 9,217 shares of Adesto Technologies stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $9.91, for a total transaction of $91,340.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of IOTS stock opened at $9.70 on Friday. The company has a market capitalization of $319.65 million, a price-to-earnings ratio of -34.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.14. The company has a 50-day simple moving average of $8.60 and a 200 day simple moving average of $7.11. Adesto Technologies Corp has a 52 week low of $3.51 and a 52 week high of $11.97.
A number of brokerages have recently commented on IOTS. ValuEngine downgraded shares of Adesto Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd. Northland Securities downgraded shares of Adesto Technologies from an “outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a research report on Monday. Zacks Investment Research raised shares of Adesto Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday. Finally, TheStreet downgraded shares of Adesto Technologies from a “c-” rating to a “d” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.33.
About Adesto Technologies
Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors and embedded systems that offer the building blocks of Internet of Things (IoT) edge devices operating on networks worldwide. The company's portfolio of semiconductor and embedded technologies are optimized for connected IoT devices and systems used in industrial, consumer, communications, and medical applications.
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