To download the latest issue
Jan 4th, 2011
MEMSIC, INC. closes above 200-day moving average, hits $3.40
Shares of MEMSIC, INC. (NASDAQ: MEMS) closed above its 200-day moving average on Friday. The stock has a 200-day moving average of $2.70 and last traded at $3.40.
MEMSIC, Inc. provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Companyâ€™s accelerometer products are used to measure tilt, shock, vibration and acceleration, and have a range of applications, such as mobile phones, automotive safety systems and video projectors. The Company combines thermal-based MEMS technology and advanced analog mixed signal processing circuitry design into a single chip using a standard complementary metal-oxide semiconductor (CMOS), process. In January 2010, it acquired from Crossbow Technology, Inc., a supplier of wireless sensor technology and inertial MEMS sensors for navigation and control, the non-military portion of Crossbowâ€™s inertial navigation systems business and its wireless sensor network Mote and eKo environmental monitoring business, along with related intellectual property and fixed assets.
More MEMS CORPORATE/FINANCE news