Magnachip Semiconductor (MX) to Release Earnings on Wednesday

Magnachip Semiconductor (NYSE:MX) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $61.57 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Magnachip Semiconductor Trading Up 4.5 %

NYSE:MX opened at $4.72 on Wednesday. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. Magnachip Semiconductor has a 12 month low of $3.56 and a 12 month high of $6.86. The company has a market cap of $175.41 million, a PE ratio of -4.06 and a beta of 0.66. The company has a 50 day simple moving average of $4.15 and a two-hundred day simple moving average of $4.39.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, January 17th.

About Magnachip Semiconductor

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.