Atomera (NASDAQ:ATOM) Stock Price Crosses Below 50-Day Moving Average of $6.84

Atomera Incorporated (NASDAQ:ATOM)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.84 and traded as low as $6.04. Atomera shares last traded at $6.40, with a volume of 112,577 shares traded.

Atomera Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 5.35 and a quick ratio of 5.35. The firm has a 50-day moving average of $6.77 and a 200-day moving average of $6.69. The stock has a market cap of $159.79 million, a PE ratio of -7.43 and a beta of 1.26.

Atomera (NASDAQ:ATOM) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $0.55 million during the quarter.

Insider Buying and Selling

In related news, CEO Scott A. Bibaud sold 8,027 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $6.20, for a total transaction of $49,767.40. Following the completion of the transaction, the chief executive officer now directly owns 346,810 shares of the company’s stock, valued at $2,150,222. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 17,518 shares of company stock worth $110,687. 13.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Atomera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Atomera by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 1,385,368 shares of the technology company’s stock valued at $9,711,000 after buying an additional 63,840 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Atomera by 360.0% in the 4th quarter. GSA Capital Partners LLP now owns 107,366 shares of the technology company’s stock valued at $753,000 after purchasing an additional 84,024 shares during the last quarter. Barclays PLC lifted its stake in shares of Atomera by 739.0% in the 4th quarter. Barclays PLC now owns 30,717 shares of the technology company’s stock valued at $215,000 after purchasing an additional 27,056 shares during the last quarter. Avenir Corp lifted its stake in shares of Atomera by 18.1% in the 4th quarter. Avenir Corp now owns 372,761 shares of the technology company’s stock valued at $2,613,000 after purchasing an additional 57,045 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Atomera by 3.0% in the 4th quarter. Northern Trust Corp now owns 196,641 shares of the technology company’s stock valued at $1,378,000 after purchasing an additional 5,750 shares during the last quarter. 30.79% of the stock is owned by institutional investors.

Atomera Company Profile

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.