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Navitas Semiconductor reported a larger-than-expected loss, sending its stock down to $2.89.
Navitas Semiconductor (NVTS) reported a quarterly loss of $0.08 per share, missing estimates by $0.02.
The company's stock fell $0.28 to $2.89 on Monday.
Navitas, which makes power conversion and charging components, has a negative net margin of 84.61% and a negative return on equity of 23.64%.
Analysts have a "Moderate Buy" rating and a $4.39 target price for the stock.
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Navitas Semiconductor reportó una pérdida mayor de la esperada, enviando sus acciones a $2.89.