NVE (NASDAQ:NVEC) Releases Quarterly Earnings Results

NVE (NASDAQ:NVEC) released its earnings results on Wednesday. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, Zacks reports. NVE had a return on equity of 32.31% and a net margin of 60.66%. The business had revenue of $7.08 million for the quarter.

NVE Trading Down 4.2 %

Shares of NVE stock traded down $3.43 on Thursday, reaching $77.96. 19,161 shares of the company were exchanged, compared to its average volume of 22,782. The company has a market capitalization of $376.55 million, a price-to-earnings ratio of 17.38 and a beta of 1.21. NVE has a one year low of $64.14 and a one year high of $100.19. The company has a 50-day moving average of $83.55 and a 200 day moving average of $78.03.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.