Infineon Technologies (OTCMKTS:IFNNY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

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

Infineon Technologies Stock Down 2.1 %

The stock has a 50-day moving average price of $37.17 and a 200-day moving average price of $34.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.13. The company has a market capitalization 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.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Infineon Technologies AG will post 1.61 EPS 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.