GCT Semiconductor (GCTS) to Release Earnings on Tuesday

GCT Semiconductor (NYSE:GCTS) is expected to be releasing its earnings data before the market opens on Tuesday, March 25th. Analysts expect GCT Semiconductor to post earnings of ($0.15) per share and revenue of $2.03 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

GCT Semiconductor Price Performance

Shares of GCTS opened at $2.00 on Monday. GCT Semiconductor has a one year low of $1.79 and a one year high of $56.00. The stock has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.42.

Wall Street Analysts Forecast Growth

Separately, B. Riley reduced their price target on GCT Semiconductor from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, February 3rd.

About GCT Semiconductor

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.