Digimarc (NASDAQ:DMRC) Issues Earnings Results

Digimarc (NASDAQ:DMRC) issued its quarterly earnings data on Wednesday. The information technology services provider reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.02), Zacks reports. Digimarc had a negative return on equity of 41.67% and a negative net margin of 104.84%.

Digimarc Trading Up 0.6 %

Shares of DMRC stock traded up $0.17 during trading on Wednesday, reaching $27.10. 198,690 shares of the company’s stock traded hands, compared to its average volume of 181,148. The company has a market capitalization of $580.40 million, a P/E ratio of -13.89 and a beta of 1.66. Digimarc has a 1 year low of $21.00 and a 1 year high of $48.32. The firm’s 50-day moving average is $37.70 and its 200 day moving average is $32.87.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Digimarc in a research report on Friday, November 15th.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.