Micronet Enertec (MICT) Posts Quarterly Results

Micronet Enertec (NASDAQ: MICT) announced its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, StockRatingsNetwork.com reports. The company had revenue of $10.36 million for the quarter, compared to the consensus estimate of $1.95 million.

Micronet Enertec (NASDAQ: MICT) opened at 4.71 on Thursday. Micronet Enertec has a 52-week low of $2.10 and a 52-week high of $12.25. The stock’s 50-day moving average is currently $8.87. The company has a market cap of $26.3 million and a price-to-earnings ratio of 3.06.

Micronet Enertec Technologies, Inc., formerly formerly Lapis Technologies, Inc., operate through two Israel-based companies, Enertec Systems 2001 Ltd (NASDAQ: MICT), its wholly owned subsidiary, and Micronet Ltd (Micronet), in which it has a controlling interest.

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