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

Infineon Technologies AG (OTCMKTS:IFNNY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $60.91, but opened at $56.39. Infineon Technologies shares last traded at $56.82, with a volume of 41,530 shares.

Analyst Upgrades and Downgrades

IFNNY has been the topic of several recent analyst reports. Zacks Research lowered 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Infineon Technologies Stock Down 3.7%

The stock has a market cap of $76.42 billion, a P/E ratio of 51.89, a P/E/G ratio of 0.44 and a beta of 2.26. 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 50-day simple moving average of $66.68 and a two-hundred day simple moving average of $71.88.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, August 5th. The technology company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. On average, equities analysts forecast that Infineon Technologies AG will post 2.01 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.