Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – Time to Sell?

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $67.57, but opened at $62.1550. Infineon Technologies shares last traded at $63.09, with a volume of 22,888 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IFNNY shares. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Down 7.5%

The firm has a market capitalization of $81.42 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 0.75 and a beta of 2.23. The business has a 50 day moving average of $70.91 and a 200 day moving average of $68.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.76 billion. On average, equities analysts anticipate that Infineon Technologies AG will post 2.03 EPS for the current year.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor company that develops and manufactures solutions for automotive, industrial, communications, and consumer applications. The company’s products are designed to support electrification, energy efficiency, connectivity, and digital security across a range of end markets.

Infineon’s portfolio includes automotive microcontrollers, power semiconductors, sensors, radio-frequency components, connectivity products, and security solutions.