Resonant Inc (NASDAQ:RESN) insider Robert B. Hammond sold 7,140 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $1.70, for a total transaction of $12,138.00. Following the sale, the insider now directly owns 466,672 shares in the company, valued at $793,342.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
RESN traded down $0.04 during midday trading on Thursday, hitting $1.64. 228,400 shares of the company traded hands, compared to its average volume of 301,390. The stock has a market capitalization of $45.51 million, a P/E ratio of -1.30 and a beta of 1.00. Resonant Inc has a 52 week low of $1.61 and a 52 week high of $8.55.
Resonant (NASDAQ:RESN) last posted its earnings results on Tuesday, November 13th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). The business had revenue of $0.12 million for the quarter, compared to analysts’ expectations of $0.50 million. Resonant had a negative net margin of 4,630.51% and a negative return on equity of 80.75%. Research analysts forecast that Resonant Inc will post -0.89 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. lifted its stake in Resonant by 3.7% during the 3rd quarter. Baird Financial Group Inc. now owns 614,330 shares of the semiconductor company’s stock valued at $2,365,000 after acquiring an additional 21,886 shares during the period. Institute for Wealth Management LLC. lifted its stake in Resonant by 3.7% during the 2nd quarter. Institute for Wealth Management LLC. now owns 484,565 shares of the semiconductor company’s stock valued at $2,733,000 after acquiring an additional 17,504 shares during the period. ClariVest Asset Management LLC bought a new position in Resonant during the 2nd quarter valued at about $1,008,000. Sigma Planning Corp lifted its stake in Resonant by 16.1% during the 2nd quarter. Sigma Planning Corp now owns 136,200 shares of the semiconductor company’s stock valued at $768,000 after acquiring an additional 18,900 shares during the period. Finally, MYDA Advisors LLC bought a new position in Resonant during the 2nd quarter valued at about $485,000. Institutional investors and hedge funds own 19.59% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Resonant Inc (RESN) Insider Sells $12,138.00 in Stock” was published by Markets Daily and is owned by of Markets Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.themarketsdaily.com/2018/12/07/resonant-inc-resn-insider-sells-12138-00-in-stock.html.
Resonant Company Profile
Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.
Receive News & Ratings for Resonant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resonant and related companies with MarketBeat.com's FREE daily email newsletter.