908 Devices (NASDAQ:MASS – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.03, Yahoo Finance reports. The company had revenue of $9.99 million for the quarter, compared to analyst estimates of $9.29 million. 908 Devices had a negative net margin of 68.57% and a negative return on equity of 20.47%. 908 Devices’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.39) EPS. 908 Devices updated its FY 2024 guidance to EPS.
908 Devices Trading Down 3.2 %
Shares of MASS traded down $0.18 during mid-day trading on Thursday, reaching $5.50. The company had a trading volume of 149,759 shares, compared to its average volume of 174,794. The stock has a market cap of $181.39 million, a price-to-earnings ratio of -5.20 and a beta of 1.02. The firm has a fifty day simple moving average of $6.59 and a 200-day simple moving average of $7.08. 908 Devices has a fifty-two week low of $4.85 and a fifty-two week high of $12.51.
About 908 Devices
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