Atomera (NASDAQ:ATOM) Announces Earnings Results

Atomera (NASDAQ:ATOM) posted its earnings results on Wednesday. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.04), Yahoo Finance reports. The business had revenue of $0.02 million for the quarter.

Atomera Trading Up 1.1 %

Shares of Atomera stock opened at $4.50 on Friday. Atomera has a twelve month low of $3.68 and a twelve month high of $10.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.35 and a current ratio of 6.78. The company’s 50 day moving average is $5.96 and its 200 day moving average is $6.57.

Insiders Place Their Bets

In other news, CEO Scott A. Bibaud sold 8,027 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $6.20, for a total transaction of $49,767.40. Following the transaction, the chief executive officer now directly owns 346,810 shares of the company’s stock, valued at approximately $2,150,222. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 17,518 shares of company stock valued at $110,687. Company insiders own 13.00% of the company’s stock.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.