Atomera (NASDAQ:ATOM) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Atomera Incorporated (NASDAQ:ATOM) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.71 and traded as low as $5.87. Atomera shares last traded at $5.98, with a volume of 228,515 shares traded.

Atomera Trading Down 1.4 %

The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $7.47 and a two-hundred day simple moving average of $6.32. The firm has a market cap of $176.55 million, a PE ratio of -8.46 and a beta of 1.53.

Atomera (NASDAQ:ATOM) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). Atomera had a negative return on equity of 106.81% and a negative net margin of 13,655.55%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ATOM. GSA Capital Partners LLP raised its position in shares of Atomera by 28.0% in the 3rd quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock worth $172,000 after acquiring an additional 14,327 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Atomera in the 3rd quarter worth approximately $44,000. Hilltop Holdings Inc. raised its position in shares of Atomera by 38.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company’s stock worth $323,000 after acquiring an additional 34,100 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Atomera in the 3rd quarter worth approximately $76,000. Finally, Geode Capital Management LLC raised its position in shares of Atomera by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,464 shares of the technology company’s stock worth $811,000 after acquiring an additional 14,818 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Atomera Company Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.