Magnachip Semiconductor (MX) Expected to Announce Quarterly Earnings on Wednesday

Magnachip Semiconductor (NYSE:MX) will likely be announcing its earnings results before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $61.57 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Magnachip Semiconductor Stock Performance

Magnachip Semiconductor stock opened at $4.03 on Tuesday. The company has a market capitalization of $150.00 million, a price-to-earnings ratio of -3.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. Magnachip Semiconductor has a fifty-two week low of $3.56 and a fifty-two week high of $6.00. The stock has a fifty day moving average of $4.32 and a two-hundred day moving average of $4.35.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, January 17th.

Magnachip Semiconductor Company Profile

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.