Infineon Technologies (OTCMKTS:IFNNY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Infineon Technologies AG (OTCMKTS:IFNNYGet Free Report) saw an uptick in trading volume on Friday . 948,296 shares traded hands during mid-day trading, an increase of 178% from the previous session’s volume of 340,829 shares.The stock last traded at $43.72 and had previously closed at $42.62.

Analyst Ratings Changes

Separately, Zacks Research lowered Infineon Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Infineon Technologies has a consensus rating of “Buy”.

View Our Latest Report on IFNNY

Infineon Technologies Stock Up 2.7%

The company has a quick ratio of 0.99, a current ratio of 1.78 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average price is $39.43 and its 200 day moving average price is $40.31. The firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 48.12, a P/E/G ratio of 3.91 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNYGet Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $3.92 billion. Infineon Technologies had a return on equity of 10.88% and a net margin of 7.57%. As a group, research analysts forecast that Infineon Technologies AG will post 1.61 earnings per share for the current fiscal year.

Infineon Technologies Company Profile

(Get Free Report)

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.

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