MoSys (MOSY) Shares Up 10.6%

MoSys Inc. (NASDAQ:MOSY)’s share price shot up 10.6% during mid-day trading on Thursday . The stock traded as high as $1.44 and last traded at $1.25. 2,569,600 shares were traded during trading, an increase of 94% from the average session volume of 1,324,850 shares. The stock had previously closed at $1.13.

Separately, Benchmark raised shares of MoSys from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th.

The firm has a market cap of $10.41, a price-to-earnings ratio of -0.35 and a beta of 0.65.

MoSys (NASDAQ:MOSY) last posted its quarterly earnings data on Monday, November 13th. The semiconductor producer reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.30. The business had revenue of $2.45 million for the quarter. MoSys had a negative net margin of 383.73% and a negative return on equity of 131.45%.

An institutional investor recently bought a new position in MoSys stock. Susquehanna International Group LLP acquired a new stake in shares of MoSys Inc. (NASDAQ:MOSY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 165,605 shares of the semiconductor producer’s stock, valued at approximately $283,000. Susquehanna International Group LLP owned approximately 2.07% of MoSys as of its most recent SEC filing. 15.05% of the stock is owned by institutional investors and hedge funds.

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About MoSys

MoSys, Inc (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names.

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