What’s in Adesto Technologies Corporation (IOTS) After Today’s Big Increase?

Adesto Technologies Corporation (NASDAQ:IOTS) Logo

The stock of Adesto Technologies Corporation (NASDAQ:IOTS) is a huge mover today! The stock increased 5.77% or $0.58 during the last trading session, reaching $10.63. About 467,830 shares traded or 96.42% up from the average. Adesto Technologies Corporation (NASDAQ:IOTS) has risen 52.14% since August 13, 2018 and is uptrending. It has outperformed by 52.14% the S&P500.
The move comes after 8 months positive chart setup for the $319.65 million company. It was reported on Aug, 13 by Barchart.com. We have $11.27 PT which if reached, will make NASDAQ:IOTS worth $19.18M more.

More notable recent Adesto Technologies Corporation (NASDAQ:IOTS) news were published by: Globenewswire.com which released: “Adesto to Demonstrate its Embedded Systems, ASIC & IP, and Memory Solutions Together for the First Time at Electronica – GlobeNewswire” on November 08, 2018, also Nasdaq.com with their article: “Explosive Stocks Under $10 – Nasdaq” published on January 15, 2019, Globenewswire.com published: “Adesto Announces Availability of Industry’s First Truly Open Edge Server for Building Automation and Industrial IoT – GlobeNewswire” on April 22, 2019. More interesting news about Adesto Technologies Corporation (NASDAQ:IOTS) were released by: Prnewswire.com and their article: “Adesto Completes Acquisition Of Echelon – PR Newswire” published on September 14, 2018 as well as Globenewswire.com‘s news article titled: “Adesto Technologies to Announce Third Quarter 2018 Financial Results on November 7 – GlobeNewswire” with publication date: October 23, 2018.

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. The company has market cap of $319.65 million. The firm offers standard serial flash products, including DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; and EcoXip that enables enhanced processor performance and reduced system power consumption. It currently has negative earnings. It also provides conductive bridging random access memory based products, which include Mavriq for Internet of Things and other applications, which include camera sensors, Bluetooth low energy devices, wearables, gaming components, printer cartridges, medical equipment, and other devices; and Moneta for retail beacons, wearable medical and fitness devices, industrial and environmental sensors, agricultural monitors, and other low energy/long battery life, or energy harvesting system applications.

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