American Noble Gas (NYSE:INFY) Shares Cross Below 50 Day Moving Average – Should You Sell?

American Noble Gas Inc. (NYSE:INFY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.12 and traded as low as $17.88. American Noble Gas shares last traded at $17.9250, with a volume of 8,728,479 shares.

Analyst Upgrades and Downgrades

INFY has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. BMO Capital Markets raised their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 15th. Stifel Nicolaus lifted their target price on shares of American Noble Gas from $16.50 to $19.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Finally, TD Cowen increased their price target on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.65.

American Noble Gas Price Performance

The business’s 50-day moving average is $18.12 and its 200 day moving average is $17.33. The firm has a market capitalization of $72.52 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last announced its earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. Analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On American Noble Gas

Several institutional investors and hedge funds have recently bought and sold shares of INFY. Dynamic Technology Lab Private Ltd bought a new position in American Noble Gas in the 1st quarter valued at about $239,000. NewEdge Advisors LLC boosted its position in shares of American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in American Noble Gas by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 3,804 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.