Digimarc (NASDAQ:DMRC – Get Free Report) announced its quarterly earnings data on Wednesday. The information technology services provider reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.02), Zacks reports. Digimarc had a negative return on equity of 41.67% and a negative net margin of 104.84%.
Digimarc Trading Up 0.6 %
DMRC traded up $0.17 during midday trading on Wednesday, hitting $27.10. 199,059 shares of the company were exchanged, compared to its average volume of 181,148. The firm has a market capitalization of $580.40 million, a price-to-earnings ratio of -13.89 and a beta of 1.66. The company’s 50 day simple moving average is $37.70 and its 200 day simple moving average is $32.87. Digimarc has a 1-year low of $21.00 and a 1-year high of $48.32.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Digimarc in a report on Friday, November 15th.
Digimarc Company Profile
Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.
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