Infineon Technologies (OTCMKTS:IFNNY) Stock Crosses Below Fifty Day Moving Average of $38.07

Infineon Technologies AG (OTCMKTS:IFNNY)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $38.07 and traded as low as $32.84. Infineon Technologies shares last traded at $33.18, with a volume of 420,324 shares.

Analysts Set New Price Targets

Separately, Barclays raised Infineon Technologies to a “strong-buy” rating in a research note on Monday, June 24th.

Infineon Technologies Price Performance

The company has a market capitalization of $42.01 billion, a PE ratio of 15.25, a P/E/G ratio of 11.67 and a beta of 1.91. The stock has a 50 day moving average price of $37.89 and a two-hundred day moving average price of $36.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Infineon Technologies had a net margin of 16.48% and a return on equity of 17.84%. The company had revenue of $3.94 billion for the quarter. Equities analysts forecast that Infineon Technologies AG will post 1.98 earnings per share for the current year.

About Infineon Technologies

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.