|Bid||6.52 x 200|
|Ask||7.35 x 100|
|Day's Range||7.21 - 7.27|
|52 Week Range||4.83 - 8.04|
|PE Ratio (TTM)||-18.59|
|Dividend & Yield||0.11 (1.58%)|
|1y Target Est||N/A|
Telefonaktiebolaget LM Ericsson (publ) (ERIC) recently announced that it has inked an agreement with Singapore-based power-supply products provider, Flex, to divest its Ericsson Power Modules business.
Swedish mobile telecom gear maker Ericsson said on Wednesday it was selling its power modules business, the first exit of assets under a new strategy to focus on its core business. The company announced the strategy in March, saying it would concentrate on its main product areas of networks, digital services and Internet of Things. On Wednesday it said it had signed an agreement with software firm Flex to sell its power modules business, which includes a manufacturing site in China and assets in Sweden.
Ericsson AB, whose credit rating was cut to junk by Moody’s Investors Service last month, has hired banks to review its media businesses as the company refocuses on its main wireless network-equipment ...