Infineon Technologies (OTCMKTS:IFNNY) Hits New 12-Month Low at $15.99

Infineon Technologies AG (OTCMKTS:IFNNY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.99 and last traded at $16.01, with a volume of 104397 shares trading hands. The stock had previously closed at $17.08.

Several equities research analysts recently weighed in on IFNNY shares. Zacks Investment Research cut shares of Infineon Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Cowen started coverage on shares of Infineon Technologies in a research report on Friday, February 22nd. They set an “outperform” rating for the company. BNP Paribas raised shares of Infineon Technologies from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 7th. ValuEngine cut shares of Infineon Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Finally, Societe Generale cut shares of Infineon Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.00.

The company has a current ratio of 2.55, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 4.50 and a beta of 1.28.

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Infineon Technologies Company Profile (OTCMKTS:IFNNY)

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. The company operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Digital Security Solutions. The Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; and voltage regulators for use in assistance and safety systems, comfort electronics, and powertrain and security products.

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