Boasting a price of $2.46, Adesto Technologies Corp (NASDAQ:IOTS) traded 2.09% lower on the day. The last stock close is down 43.31% relative to the two hundred day average, compared with the S&P 500 Index which has remained the same over the same period. Adesto Technologies Corp has registered a 50-day moving average of $3.04 and two hundred day average of $4.13. Trade volume was was down over the average, with 28,742 shares of IOTS changing hands under the typical 33,615 shares.
Zacks Investment Research has downgraded Adesto Technologies Corp(NASDAQ:IOTS) to Sell in a report released 8/30/2016.
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Also covering Adesto Technologies Corp’s target price, a total of 4 firms have reported on IOTS. The average target stock price is $9.00 with two analysts rating the stock a strong buy, two analysts rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analysts rating the stock as sell.
With a total market value of $0.0, Adesto Technologies Corp has a P/E of 0 with a 52 week low of $2.22 and a 52 week high of $8.50.
General Company Details For Adesto Technologies Corp (NASDAQ:IOTS)
Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It combines its non-volatile memory design capabilities with intellectual property and differentiated technology platforms to deliver products that manage the overall energy consumption of its customers’ systems and battery life. Its products feature embedded intelligence in a small form factor. It sells its products directly to original equipment manufacturers and original design manufacturers, and respectively that manufacture products for its end customers.
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