Sigma Designs (NASDAQ:SIGM) was downgraded by research analysts at Needham & Company to a “hold” rating in a report released on Thursday, Analyst RN reports.
Sigma Designs (NASDAQ:SIGM) opened at 5.35 on Thursday. Sigma Designs has a 52 week low of $4.30 and a 52 week high of $6.70. The stock’s 50-day moving average is $5.41 and its 200-day moving average is $5.33. The company’s market cap is $183.3 million.
Sigma Designs (NASDAQ:SIGM) last released its earnings data on Wednesday, December 11th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $54.39 million for the quarter, compared to the consensus estimate of $55.93 million. During the same quarter last year, the company posted ($0.27) earnings per share. Sigma Designs’s revenue was down 14.9% compared to the same quarter last year. Analysts expect that Sigma Designs will post $0.24 EPS for the current fiscal year.
Sigma Designs, Inc (NASDAQ:SIGM) is a provider of system-on-chip (SoC) solutions.
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