Sidoti Lowers DSP Group to Neutral (DSPG)

By admin | 6 years ago

DSP Group (NASDAQ: DSPG) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research note issued on Wednesday.

DSP Group traded down 1.30% on Wednesday, hitting $6.08. DSP Group has a 52-week low of $4.85 and a 52-week high of $9.24. The company’s market cap is $137.1 million.

DSP Group last posted its quarterly earnings results on Monday, April 30th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.12) by $0.07. The company’s quarterly revenue was down 10.9% on a year-over-year basis. Analysts expect that DSP Group will post $0.07 EPS next quarter.

DSP Group, Inc. is a provider of wireless chipset solutions for converged communications at home. The Company provides a portfolio of wireless chipsets integrating digital enhanced cordless telecommunications (DECT), wireless fidelity (Wi-Fi), public switched telephone network (PSTN) and voice over Internet protocol (VoIP)/communications over Internet protocol (CoIP) technologies with application processors.

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