Atomera (NASDAQ:ATOM) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen lowered shares of Atomera (NASDAQ:ATOM) from a sell rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Atomera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Atomera Price Performance

Shares of ATOM opened at $3.01 on Friday. The firm has a market cap of $117.64 million, a P/E ratio of -4.78 and a beta of 2.16. Atomera has a 1 year low of $1.89 and a 1 year high of $12.36. The company has a 50 day simple moving average of $3.78 and a two-hundred day simple moving average of $5.43.

Atomera (NASDAQ:ATOM) last released its earnings results on Thursday, October 29th. The technology company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.03). Atomera had a negative return on equity of 70.93% and a negative net margin of 9,742.17%.

Institutional Trading of Atomera

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Atomera during the 2nd quarter worth approximately $26,047,000. Baird Financial Group Inc. boosted its position in shares of Atomera by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 1,340,888 shares of the technology company’s stock valued at $11,679,000 after acquiring an additional 63,208 shares during the last quarter. Andar Capital Management HK Ltd purchased a new position in shares of Atomera in the second quarter valued at $90,000,000. Defender Capital LLC. grew its holdings in shares of Atomera by 101.2% in the third quarter. Defender Capital LLC. now owns 594,450 shares of the technology company’s stock valued at $2,592,000 after purchasing an additional 299,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Atomera in the second quarter valued at $3,068,000. Institutional investors own 30.79% of the company’s stock.

About Atomera

Atomera Incorporated is a semiconductor materials and technology company that develops solutions intended to improve the performance and energy efficiency of integrated circuits. Its core technology, Mears Silicon Technology (MST), is a proprietary semiconductor-materials innovation designed to enhance the characteristics of silicon-based transistors.

MST is engineered as a thin layer within the semiconductor manufacturing process. Atomera states that the technology can help chip manufacturers improve transistor performance, reduce power consumption, and potentially extend the capabilities of existing process technologies without requiring a complete redesign of the underlying manufacturing platform.

The company primarily operates through a licensing and technology-transfer model, working with semiconductor manufacturers and other industry participants to evaluate and integrate MST into their processes and products.