Resonant Inc (NASDAQ:RESN) insider Robert B. Hammond sold 7,140 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $1.70, for a total transaction of $12,138.00. Following the transaction, the insider now directly owns 466,672 shares of the company’s stock, valued at approximately $793,342.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of RESN opened at $1.60 on Friday. The stock has a market cap of $44.43 million, a PE ratio of -1.27 and a beta of 1.00. Resonant Inc has a 1 year low of $1.55 and a 1 year high of $8.55.
Resonant (NASDAQ:RESN) last issued its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.17). The business had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $0.50 million. Resonant had a negative net margin of 4,630.51% and a negative return on equity of 80.75%. Research analysts expect that Resonant Inc will post -0.89 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Resonant by 122.2% during the second quarter. Northern Trust Corp now owns 47,423 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 26,076 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Resonant during the second quarter worth about $282,000. BlackRock Inc. lifted its position in shares of Resonant by 107.5% during the second quarter. BlackRock Inc. now owns 67,870 shares of the semiconductor company’s stock worth $383,000 after purchasing an additional 35,159 shares in the last quarter. MYDA Advisors LLC acquired a new stake in shares of Resonant during the second quarter worth about $485,000. Finally, Sigma Planning Corp lifted its position in shares of Resonant by 16.1% during the second quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 18,900 shares in the last quarter. 19.59% of the stock is currently owned by institutional investors and hedge funds.
Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.
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