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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.
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MEMSIC, Inc. provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. The Company’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 Crossbow’s inertial navigation systems business and its wireless sensor network Mote and eKo environmental monitoring business, along with related intellectual property and fixed assets.

MEMSIC, INC. (NASDAQ: MEMS) traded up 7.59% during mid-day trading on Friday. The stock has a 52 week low of $2.03 and a 52 week high of $3.90. The company has a market cap of $80.9 million and a price-to-earnings ratio of N/A.


 
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