News to Watch: Marvell Technology Group Ltd. (NASDAQ:MRVL) announces a quarterly dividend of $0.06 per share

Marvell Technology Group Ltd. (NASDAQ:MRVL)

Marvell Technology Group Ltd. (NASDAQ:MRVL) spotted trading -7.96% off 52-week high price. On the other end, the stock has been noted 131.31% away from the low price over the last 52-weeks. The stock changed 0.40% to recent value of $38.05. The stock transacted 5826026 shares during most recent day however it has an average volume of 7.73M shares. The company has 667.57M of outstanding shares and 664.02M shares were floated in the market.

On Sept. 25, 2020, Marvell Technology Group Ltd. () released a quarterly dividend of $0.06 per share of common stock payable on October 28, 2020 to shareholders of record as of October 12, 2020.

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Its earnings per share (EPS) expected to touch remained 873.60% for this year while earning per share for the next 5-years is expected to reach at 37.90%. MRVL has a gross margin of 47.50% and an operating margin of -15.10% while its profit margin remained 50.70% for the last 12 months.

According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.10% from the mean of 20 days, 3.89% from mean of 50 days SMA and performed 28.62% from mean of 200 days price. Company’s performance for the week was -1.14%, 6.85% for month and YTD performance remained 43.26%.

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Robert Warner

Robert Warner is a journalism graduate with keen interest in covering business news – specifically startups. He has as a keen eye for technologies and has predicted quite a few successful startups over the last couple of years. His goal with this website is to report accurately on all kinds of stock news, and have a great deal of passion for technical and active reporting. Robert is diligent and proactive when it comes to news reporting.

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