O2Micro International (NASDAQ:OIIM) Issues Quarterly Earnings Results

O2Micro International (NASDAQ:OIIM) posted its quarterly earnings results on Friday. The electronics maker reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11), Morningstar.com reports. O2Micro International had a negative return on equity of 10.69% and a negative net margin of 14.55%. The business had revenue of $14.27 million during the quarter, compared to the consensus estimate of $13.30 million. O2Micro International updated its Q3 2019 guidance to EPS.

OIIM stock traded up $0.03 during midday trading on Friday, hitting $1.41. The company’s stock had a trading volume of 63,079 shares, compared to its average volume of 11,143. O2Micro International has a 12 month low of $1.26 and a 12 month high of $2.40. The company has a market capitalization of $35.93 million, a price-to-earnings ratio of 15.67 and a beta of 0.64. The business has a 50 day moving average price of $1.37.

Separately, TheStreet downgraded O2Micro International from a “c” rating to a “d+” rating in a research note on Thursday, May 2nd.

A number of hedge funds have recently bought and sold shares of the business. Balter Liquid Alternatives LLC boosted its stake in O2Micro International by 11.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 112,814 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 12,010 shares during the period. DNB Asset Management AS boosted its stake in O2Micro International by 1.0% in the 2nd quarter. DNB Asset Management AS now owns 2,649,409 shares of the electronics maker’s stock worth $3,673,000 after purchasing an additional 25,000 shares during the period. Finally, White Pine Capital LLC boosted its stake in O2Micro International by 10.0% in the 1st quarter. White Pine Capital LLC now owns 891,915 shares of the electronics maker’s stock worth $1,525,000 after purchasing an additional 81,050 shares during the period. Institutional investors and hedge funds own 38.39% of the company’s stock.

About O2Micro International

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.

Recommended Story: Why are percentage gainers important?

Earnings History for O2Micro International (NASDAQ:OIIM)

Receive News & Ratings for O2Micro International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O2Micro International and related companies with MarketBeat.com's FREE daily email newsletter.