Atomera (NASDAQ:ATOM) Sets New 1-Year High – What’s Next?

Atomera Incorporated (NASDAQ:ATOM) shares hit a new 52-week high on Monday . The company traded as high as $17.52 and last traded at $17.39, with a volume of 555907 shares. The stock had previously closed at $16.55.

Atomera Trading Up 2.2 %

The firm has a market cap of $486.64 million, a PE ratio of -24.16 and a beta of 1.38. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $7.30 and its two-hundred day simple moving average is $4.64.

Institutional Investors Weigh In On Atomera

A number of institutional investors have recently made changes to their positions in ATOM. Renaissance Technologies LLC bought a new position in Atomera in the second quarter worth approximately $512,000. Hilltop Holdings Inc. grew its stake in Atomera by 38.4% during the third quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company’s stock valued at $323,000 after acquiring an additional 34,100 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Atomera in the 3rd quarter worth $76,000. Westside Investment Management Inc. grew its stake in shares of Atomera by 20.9% in the 3rd quarter. Westside Investment Management Inc. now owns 115,700 shares of the technology company’s stock worth $304,000 after buying an additional 19,980 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atomera in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.