Atomera (NASDAQ:ATOM) Stock Passes Below 50-Day Moving Average – Should You Sell?

Atomera Incorporated (NASDAQ:ATOM) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.61 and traded as low as $3.91. Atomera shares last traded at $4.14, with a volume of 280,858 shares changing hands.

Atomera Stock Performance

The business’s fifty day moving average price is $5.61 and its 200-day moving average price is $6.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.25 and a quick ratio of 5.25. The stock has a market capitalization of $127.11 million, a PE ratio of -6.09 and a beta of 1.63.

Atomera (NASDAQ:ATOM) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). Atomera had a negative return on equity of 106.81% and a negative net margin of 13,655.55%.

Institutional Investors Weigh In On Atomera

Large investors have recently added to or reduced their stakes in the business. Sargent Investment Group LLC raised its holdings in shares of Atomera by 200.4% in the 4th quarter. Sargent Investment Group LLC now owns 279,185 shares of the technology company’s stock valued at $2,945,000 after acquiring an additional 186,240 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Atomera in the third quarter worth approximately $76,000. Quantum Private Wealth LLC increased its position in shares of Atomera by 22.2% in the fourth quarter. Quantum Private Wealth LLC now owns 356,721 shares of the technology company’s stock worth $4,138,000 after purchasing an additional 64,700 shares during the last quarter. Geode Capital Management LLC raised its stake in Atomera by 5.0% in the third quarter. Geode Capital Management LLC now owns 308,464 shares of the technology company’s stock valued at $811,000 after purchasing an additional 14,818 shares in the last quarter. Finally, PFG Investments LLC bought a new stake in Atomera during the fourth quarter valued at approximately $209,000. Institutional investors own 30.79% of the company’s stock.

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.