American Noble Gas (NYSE:INFY) Reaches New 52-Week Low – Here’s What Happened

American Noble Gas Inc. (NYSE:INFY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.81 and last traded at $15.7950, with a volume of 9229377 shares traded. The stock had previously closed at $16.61.

Analyst Ratings Changes

Several brokerages recently weighed in on INFY. BMO Capital Markets upped their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 15th. Stifel Nicolaus upped their price objective on American Noble Gas from $16.50 to $19.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. TD Cowen increased their price objective on American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.65.

American Noble Gas Stock Down 5.0%

The stock has a market cap of $63.82 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. The firm has a fifty day moving average of $18.07 and a 200 day moving average of $17.26.

American Noble Gas (NYSE:INFY) last posted its earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.11 billion. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%. On average, equities research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Institutional Trading of American Noble Gas

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in American Noble Gas by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 3,804 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Noble Gas during the first quarter worth about $239,000. Finally, NewEdge Advisors LLC grew its holdings in shares of American Noble Gas by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.