Rambus Inc. (NASDAQ:RMBS) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Boasting a price of $11.99, Rambus Inc. (NASDAQ:RMBS) traded -0.34% lower on the day. The last stock close price is down -7.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $12.89 and a 200-day moving average of $12.69. 313,056 shares of the stock were exchanged, down from an average trading volume of 675,749
Zacks Investment Research has downgraded Rambus Inc. (NASDAQ:RMBS) to Sell in a statement released on Wednesday October 12, 2016.
On 09/01/2016, Roth Capital released a statement on Rambus Inc. (NASDAQ:RMBS) bumped up the target price from $0.00 to $16.00 that suggested an upside of 0.16%.
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Rambus Inc. has a 52 week low of $9.86 and a 52 week high of $14.50 with a P/E ratio of 6.67 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $13.80 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
Brief Synopsis About Rambus Inc. (NASDAQ:RMBS)
Rambus Inc. produces semiconductor and intellectual property (IP) products, spanning memory and interfaces to security, sensors and lighting. The Company's products are integrated into devices and systems, powering and securing diverse applications, including big data and media platforms. Its segments include Memory and Interfaces Division (MID) and Cryptography Research Division (CRD). The Company has over four operational units, including MID, CRD, emerging solutions division (ESD), and lighting and display technologies (LDT). MID focuses on the design, development and licensing of technology that is related to memory and interfaces. CRD focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting and mobile payments. ESD includes its computational sensing and imaging group along with its development efforts in the area of emerging technologies. LDT focuses on the design, development and licensing of technologies for lighting.
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