Atomera (NASDAQ:ATOM) Sets New 1-Year High - Should You Buy?

Atomera Incorporated (NASDAQ:ATOM - Get Free Report)'s stock price hit a new 52-week high during trading 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 Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.25 and a current ratio of 5.25. The stock has a market cap of $476.28 million, a PE ratio of -23.64 and a beta of 1.38. The company's 50-day moving average price is $7.30 and its two-hundred day moving average price is $4.64.

Hedge Funds Weigh In On Atomera

Hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in Atomera in the 3rd quarter worth approximately $76,000. GSA Capital Partners LLP raised its stake in shares of Atomera by 28.0% during the third quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company's stock worth $172,000 after acquiring an additional 14,327 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Atomera in the 2nd quarter worth approximately $512,000. Consolidated Planning Corp purchased a new stake in shares of Atomera in the 3rd quarter valued at $40,000. Finally, Westside Investment Management Inc. grew its holdings in shares of Atomera by 20.9% during the 3rd quarter. Westside Investment Management Inc. now owns 115,700 shares of the technology company's stock valued at $304,000 after purchasing an additional 19,980 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

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.