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

Atomera Incorporated (NASDAQ:ATOM - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.42 and traded as low as $3.70. Atomera shares last traded at $3.91, with a volume of 665,184 shares.

Atomera Stock Down 7.8 %

The stock's fifty day simple moving average is $5.96 and its 200-day simple moving average is $6.52. The stock has a market cap of $109.31 million, a P/E ratio of -5.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.25 and a current ratio of 5.25.

Atomera (NASDAQ:ATOM - Get Free Report) last issued its quarterly 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 net margin of 13,655.55% and a negative return on equity of 106.81%.

Institutional Trading of Atomera

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new position in Atomera in the first quarter valued at about $72,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Atomera in the 4th quarter valued at approximately $554,000. Millennium Management LLC lifted its holdings in shares of Atomera by 33.1% during the 4th quarter. Millennium Management LLC now owns 157,738 shares of the technology company's stock worth $1,830,000 after acquiring an additional 39,188 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Atomera during the 4th quarter worth approximately $242,000. Finally, Baird Financial Group Inc. boosted its position in shares of Atomera by 67.5% during the 4th quarter. Baird Financial Group Inc. now owns 1,208,286 shares of the technology company's stock worth $14,016,000 after acquiring an additional 486,892 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

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.