Echelon (NASDAQ:ELON) posted its earnings results on Thursday. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.01, Bloomberg Earnings reports. Echelon had a negative net margin of 14.96% and a negative return on equity of 18.48%.
Echelon (NASDAQ ELON) traded down $0.16 during midday trading on Friday, reaching $4.68. 7,270 shares of the company’s stock were exchanged, compared to its average volume of 17,104. The firm has a market capitalization of $21.65, a PE ratio of -4.56 and a beta of -0.82. Echelon has a 1 year low of $4.26 and a 1 year high of $7.20.
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Echelon Company Profile
Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.
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