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

Infineon Technologies AG (OTCMKTS:IFNNY) 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 changing hands.

Analyst Upgrades and Downgrades

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

Infineon Technologies Trading Down 7.5%

The company has a 50-day simple moving average of $70.91 and a 200-day simple moving average of $68.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.73. The stock has a market cap of $81.42 billion, a P/E ratio of 55.29, a P/E/G ratio of 0.75 and a beta of 2.23.

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

Infineon Technologies Company Profile

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.