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

Infineon Technologies AG (OTCMKTS:IFNNY) 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

IFNNY has been the topic of several recent research reports. Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Down 4.9%

The company has a 50 day simple moving average of $67.32 and a two-hundred day simple moving average of $71.36. 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 company has a market capitalization of $84.85 billion, a P/E ratio of 57.62, a PEG ratio of 0.47 and a beta of 2.26.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business 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%. As a group, equities analysts predict that Infineon Technologies AG will post 2.02 EPS for the current year.

Infineon Technologies Company Profile

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.