Zacks Investment Research upgraded Adesto Technologies Corp (NASDAQ:IOTS) to Hold in a report released today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded Adesto Technologies Corp (NASDAQ:IOTS) to Hold in a statement released on 10/12/2016.
Having a price of $2.29, Adesto Technologies Corp (NASDAQ:IOTS) traded -3.38% lower on the day. The last closing price is down -34.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Adesto Technologies Corp has recorded a 50-day average of $2.33 and a two hundred day average of $3.49. Volume of trade was down over the average, with 10,595 shares of IOTS changing hands under the typical 35,294
Adesto Technologies Corp has a 52 week low of $1.98 and a 52 week high of $8.50 The company’s market cap is currently $0.
Also covering Adesto Technologies Corp's price target, a total of 4 analysts have released a report on Adesto Technologies Corp. The 12-month price target is $9.00 with two analysts rating the company a strong buy, two analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About 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, respectively that manufacture products for its end customers.
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