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

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 Analysts Forecast Growth

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 Down 3.4 %

The company has a market cap of $44.01 billion, a P/E ratio of 43.21, a P/E/G ratio of 2.39 and a beta of 1.92. The stock has a 50-day moving average of $37.14 and a two-hundred day moving average of $34.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.90.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. Infineon Technologies had a net margin of 6.49% and a return on equity of 12.55%. On average, research analysts anticipate that Infineon Technologies AG will post 1.61 EPS 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.