Summit Wireless Technologies Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Information Technology : Semiconductors & Semiconductor Equipment |
Company profile

Summit Wireless Technologies Inc., formerly Summit Semiconductor, Inc. is an early-stage company that develops and sells wireless audio integrated circuits for home entertainment and professional audio markets. The Company develops and provides semiconductors and wireless audio modules to consumer electronics companies, which transmits and receives audio directly to speakers. Its technologies focus on providing wireless, interference free and uncompressed high-definition audio signals. Its subsidiaries include Summit Semiconductor, Inc., Summit Semiconductor K.K., and WiSA, LLC.

Postmarket

Last Trade
Delayed
$2.35
-0.06 (-2.49%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$2.41
Day's Change
-0.22 (-8.37%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
2.54
Day's Low
2.29
Volume
(Average)
Volume:
464,301

10-day average volume:
425,464
464,301

Cowen survey forecasts stores to reopen in June, Ulta and Planet Fitness will recover quickly

10:14 am ET April 6, 2020 (MarketWatch)
Print

Three-quarters of investors who responded to a Cowen survey said they think stores will reopen in June. Once stores are back in operation, analysts forecast Ulta Beauty Inc. (ULTA) and Planet Fitness Inc. (PLNT) will recover quickly. "Ulta's loyal customer base, 90% off-mall presence, and virtual try-on capabilities through augmented reality could collectively drive continued market share gains as consumers reorient shopping patterns through a socially distant lens," analysts wrote. Cowen touts Planet Fitness' "lean" business model and says the company will realize revenue when gyms reopen. Moreover, it will gain market share from financially struggling fitness chains that are at risk. Cowen analysts are cautious about the department store sector, including Macy's Inc. (M) and and Kohl's Corp. (KSS). Consumer Discretionary Select SPDR ETF (XLY) has tumbled 17.4% over the last year while the S&P 500 index has fallen 10% for the period. Read: Macy's, Kohl's have about 5 months of cash available putting them at risk of extended closures, analysts say (http://www.marketwatch.com/story/macys-kohls-have-about-5-months-of-cash-available-putting-them-at-risk-from-extended-closures-analysts-say-2020-03-27)

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 06, 2020 10:14 ET (14:14 GMT)

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