IDEX Biometrics ASA (NASDAQ:IDBA) Announces Quarterly Earnings Results

IDEX Biometrics ASA (NASDAQ:IDBAGet Rating) announced its quarterly earnings data on Wednesday. The company reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.19), MarketWatch Earnings reports. IDEX Biometrics ASA had a negative net margin of 1,146.20% and a negative return on equity of 115.40%. During the same period in the prior year, the business earned ($0.75) EPS.

Shares of NASDAQ:IDBA traded down $0.21 during trading on Friday, hitting $8.79. 3,886 shares of the company were exchanged, compared to its average volume of 2,433. The company has a market cap of $118.67 million, a PE ratio of -2.40 and a beta of 2.49. The stock has a 50 day moving average of $14.48 and a 200 day moving average of $21.06. IDEX Biometrics ASA has a 52-week low of $7.78 and a 52-week high of $31.62.

An institutional investor recently raised its position in IDEX Biometrics ASA stock. Morgan Stanley grew its stake in shares of IDEX Biometrics ASA (NASDAQ:IDBAGet Rating) by 1,539.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,639 shares of the company’s stock after acquiring an additional 1,539 shares during the period. Morgan Stanley’s holdings in IDEX Biometrics ASA were worth $31,000 at the end of the most recent reporting period. Institutional investors own 0.01% of the company’s stock.

IDEX Biometrics ASA Company Profile (Get Rating)

IDEX Biometrics ASA engages in the design, development, and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, the Americas, and Asia. The company offers IDEX Biometrics for the biometrics smart card market, including biometric fingerprint sensors for use in dual interface, contactless only, and contact only smart cards; biometric fingerprint modules for contact based smart cards; and on-card enrollment solutions for remote in-person enrollment.

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Earnings History for IDEX Biometrics ASA (NASDAQ:IDBA)

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