Infineon Technologies (OTCMKTS:IFNNY) Share Price Crosses Below Fifty Day Moving Average of $38.07

Infineon Technologies AG (OTCMKTS:IFNNY) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $38.07 and traded as low as $32.84. Infineon Technologies shares last traded at $33.18, with a volume of 420,324 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays raised Infineon Technologies to a “strong-buy” rating in a research report on Monday, June 24th.

Infineon Technologies Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.80 and a quick ratio of 1.02. The firm has a market cap of $42.01 billion, a P/E ratio of 15.25, a PEG ratio of 11.67 and a beta of 1.91. The company’s 50-day moving average is $37.89 and its two-hundred day moving average is $36.78.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Tuesday, May 7th. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Infineon Technologies had a return on equity of 17.84% and a net margin of 16.48%. The firm had revenue of $3.94 billion during the quarter. Sell-side analysts anticipate that Infineon Technologies AG will post 1.98 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.