Echelon (ELON) Hits New 12-Month High and Low at $4.19

Echelon Co. (NASDAQ:ELON)’s share price reached a new 52-week high and low during trading on Friday . The stock traded as low as $4.19 and last traded at $4.25, with a volume of 39406 shares. The stock had previously closed at $4.26.

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Echelon (NASDAQ:ELON) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. The company had revenue of $8.03 million for the quarter. Echelon had a negative net margin of 14.60% and a negative return on equity of 20.14%.

An institutional investor recently bought a new position in Echelon stock. Janney Montgomery Scott LLC purchased a new position in Echelon Co. (NASDAQ:ELON) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 65,103 shares of the technology company’s stock, valued at approximately $305,000. Janney Montgomery Scott LLC owned 1.44% of Echelon at the end of the most recent quarter. Hedge funds and other institutional investors own 24.14% of the company’s stock.

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Echelon Company Profile

Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.

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