Why QuickLogic (QUIK) Dipped More Than Broader Market Today

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QuickLogic (QUIK) saw a -1.3% drop to $13.68 in recent trading, falling short of the S&P 500’s daily loss of 0.57%. Despite this, the stock has quickly risen by 23.2% in the past month.

Anticipated for an upcoming earnings release, QuickLogic is projected to report an impressive 450% rise in EPS at $0.14, and a 81.37% spike to $7.4 million in revenue.

Ranked at a “Buy” with a Zacks Rank of #2, QuickLogic is currently trading with a Forward P/E ratio of 38.5, surpassing its industry’s average of 29.04.

Ranked at the bottom 25% of over 250 industries, the Computer and Technology sector ranks QuickLogic’s Electronics – Semiconductors industry at 191.

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