Infineon Technologies (OTCMKTS:IFNNY) Shares Cross Below Fifty Day Moving Average - What's Next?

Shares of Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $37.17 and traded as low as $34.80. Infineon Technologies shares last traded at $34.88, with a volume of 203,136 shares traded.Get Infineon Technologies alerts:Wall Street Analyst Weigh In3 Stocks That Could Rise on European Bank Interest Rate CutsSeparately, Susquehanna raised Infineon Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 28th.Check Out Our Latest Report on Infineon TechnologiesInfineon Technologies Stock PerformanceAlpha and Omega Semiconductor ready to bounce, DOJ cloud liftsThe company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.90. The firm has a market cap of $45.55 billion, a P/E ratio of 44.72, a P/E/G ratio of 2.39 and a beta of 1.92. The company's 50 day moving average is $37.17 and its 200 day moving average is $34.44. Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. Infineon Technologies had a return on equity of 12.55% and a net margin of 6.49%. As a group, equities analysts predict that Infineon Technologies AG will post 1.61 earnings per share for the current fiscal year. Infineon Technologies Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Infineon TechnologiesHow to Find Undervalued StocksPenny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell What is the S&P 500 and How It is Distinct from Other IndexesTop 3 Beverage Stocks Pouring Out ProfitsWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?CarMax and Carvana: Steering the Used Car MarketThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Infineon Technologies Right Now?Before you consider Infineon Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Infineon Technologies wasn't on the list.While Infineon Technologies currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here