Infineon Technologies (OTCMKTS:IFNNY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNY) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $37.17 and traded as low as $34.80. Infineon Technologies shares last traded at $34.88, with a volume of 203,136 shares changing hands.

Wall Street Analyst Weigh In

Separately, Susquehanna raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 28th.

Infineon Technologies Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.90. The business has a 50-day simple moving average of $37.14 and a 200 day simple moving average of $34.45. The firm has a market cap of $44.01 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.39 and a beta of 1.92.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Tuesday, February 4th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Infineon Technologies had a return on equity of 12.55% and a net margin of 6.49%. On average, analysts anticipate that Infineon Technologies AG will post 1.61 earnings per share for the current fiscal year.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.