Infineon Technologies (OTCMKTS:IFNNY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY) 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 traded.

Wall Street Analyst Weigh In

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

Infineon Technologies Stock 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 firm has a market cap of $45.55 billion, a P/E ratio of 44.72, a P/E/G ratio of 2.39 and a beta of 1.92. The company’s 50 day moving average is $37.17 and its 200 day moving average is $34.44.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.35 earnings per share 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%. As a group, equities analysts predict that Infineon Technologies AG will post 1.61 earnings per share for the current fiscal year.

Infineon Technologies Company Profile

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.