Nelly Shishkova

Entropic Communications, Inc. (NASDAQ:ENTR) Banks Huge Gains On A Press Release

by Nelly Shishkova June 29, 2010

What should follow up next and will ENTR continue to gain?

Entropic_logo.jpgThe historical data shows, that Entropic has traded much lower at the beginning of this year. However, its first quarter results look positive:

  • Sales have increased sequentially each quarter
  • Company has returned to profitability
  • Earnings consistently exceeded estimates

Based on these facts, Entropic claims it has sufficient cash to complete its business operations.

Currently, the stock trades at $6.50, however its price change is -3.58% and its traded volume totals approximately 155 thousand shares, which is far less than the value from yesterday.

Note: This article was corrected to clarify material facts on July 7.

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