VIA optronics (NYSE:VIAO) released its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.10), Fidelity Earnings reports. VIA optronics had a negative net margin of 2.34% and a negative return on equity of 6.74%.
Shares of VIAO stock traded down $0.22 during trading hours on Friday, reaching $8.75. 43,530 shares of the company were exchanged, compared to its average volume of 34,794. VIA optronics has a fifty-two week low of $7.04 and a fifty-two week high of $15.57. The stock’s fifty day moving average is $9.98 and its two-hundred day moving average is $12.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.95 and a quick ratio of 1.59.
Separately, Craig Hallum reduced their target price on shares of VIA optronics from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday.
VIA optronics AG, through its subsidiary, provides display solutions worldwide. It also develops, manufactures, and sells customized and application-specific metal mesh touch sensors and electrode base film materials for use in touch modules or other touch products. In addition, the company offers interactive display solutions, including curved display panels and solutions integrating multiple display touch assemblies; and optical bonding services, as well as licenses optical bonding process and sells related equipment.
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