Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Down – What’s Next?

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 Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. DZ Bank upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. 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, the company has a consensus rating of “Moderate Buy”.

Infineon Technologies Stock Down 6.1%

The company has a market capitalization of $88.96 billion, a PE ratio of 60.41, a P/E/G ratio of 0.49 and a beta of 2.26. 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 company’s 50-day moving average is $67.26 and its 200 day moving average is $71.02.

Infineon Technologies (OTCMKTS:IFNNY) last issued 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. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.76 billion. As a group, analysts anticipate that Infineon Technologies AG will post 2.02 EPS for the current 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.