American Noble Gas (NYSE:INFY) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

American Noble Gas Inc. (NYSE:INFY)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.14 and traded as low as $12.90. American Noble Gas shares last traded at $13.2640, with a volume of 10,979,669 shares traded.

Wall Street Analyst Weigh In

INFY has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Jefferies Financial Group cut American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a report on Monday, February 23rd. TD Cowen raised their price target on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. BMO Capital Markets lifted their price target on 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. Finally, Stifel Nicolaus lowered their price objective on American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.89.

American Noble Gas Stock Down 1.3%

The business’s 50-day simple moving average is $14.94 and its 200-day simple moving average is $16.55. The stock has a market cap of $53.95 billion, a PE ratio of 17.32, a PEG ratio of 1.88 and a beta of 1.00.

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 analysts’ consensus estimates of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.11 billion. As a group, equities research analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Several hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas during the first quarter valued at approximately $239,000. NewEdge Advisors LLC raised its holdings in American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American Noble Gas by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 3,804 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

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.