Shares of Giga-tronics, Incorporated (OTCMKTS:GIGA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.35 and traded as high as $4.30. Giga-tronics shares last traded at $4.30, with a volume of 12,832 shares.
Separately, ValuEngine upgraded Giga-tronics from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd.
The business has a 50 day moving average of $3.89 and a 200-day moving average of $3.35. The company has a current ratio of 1.96, a quick ratio of 1.20 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $11.29 million, a P/E ratio of -2.77 and a beta of 1.61.
Giga-tronics (OTCMKTS:GIGA) last released its quarterly earnings results on Thursday, August 6th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter. Giga-tronics had a negative net margin of 5.60% and a positive return on equity of 100.09%. The company had revenue of $3.55 million during the quarter.
About Giga-tronics (OTCMKTS:GIGA)
Giga-tronics Incorporated, together with its subsidiaries, designs, manufactures, and markets modular test products for electronic warfare in the Americas, Europe, Asia, and internationally. The company operates through two segments, Microsource and the Giga-tronics Division. The Microsource segment develops and manufactures a line of yttrium, iron, and garnet tuned oscillators, filters, and microwave synthesizers for use in operational applications, as well as in manufacturing a range of microwave instruments and devices.
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