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 Wednesday. The stock had previously closed at $72.66, but opened at $67.94. Infineon Technologies shares last traded at $68.07, with a volume of 25,701 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. DZ Bank upgraded Infineon Technologies to a “strong-buy” rating in a 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Down 6.1%

The company’s fifty day simple moving average is $67.26 and its 200 day simple moving average is $71.02. The company has a quick ratio of 0.97, a current ratio of 1.73 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $88.96 billion, a PE ratio of 60.41, a price-to-earnings-growth ratio of 0.49 and a beta of 2.26.

Infineon Technologies (OTCMKTS:IFNNY) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. Analysts anticipate that Infineon Technologies AG will post 2.02 earnings per share for the current fiscal year.

About Infineon Technologies

Infineon Technologies AG is a semiconductor company headquartered in Neubiberg, Germany. The company develops and manufactures semiconductor solutions for the automotive, industrial, communications, consumer electronics and energy markets. Its portfolio includes power semiconductors, microcontrollers, sensors, connectivity components and security products.

Infineon’s automotive products support applications such as electric and hybrid vehicles, vehicle power management, advanced driver-assistance systems and automotive connectivity.