Infineon Technologies (OTCMKTS:IFNNY) Shares Gap Up – Still a Buy?

Infineon Technologies AG (OTCMKTS:IFNNY) gapped up prior to trading on Wednesday . The stock had previously closed at $39.30, but opened at $42.17. Infineon Technologies shares last traded at $41.91, with a volume of 171,027 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on IFNNY shares. Zacks Research downgraded Infineon Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. DZ Bank raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Infineon Technologies Stock Down 1.6%

The firm has a market cap of $53.35 billion, a price-to-earnings ratio of 71.67, a PEG ratio of 3.07 and a beta of 1.87. The business has a fifty day simple moving average of $39.00 and a 200 day simple moving average of $39.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 0.99.

Infineon Technologies Company Profile

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.