Shares of Atomera Incorporated (NASDAQ:ATOM - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.29 and traded as low as $8.61. Atomera shares last traded at $8.82, with a volume of 427,954 shares trading hands.
Atomera Trading Down 7.4 %
The stock has a 50 day moving average of $9.35 and a 200-day moving average of $5.49. The company has a market capitalization of $235.13 million, a P/E ratio of -11.58 and a beta of 1.38. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.
Institutional Trading of Atomera
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Atomera by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,464 shares of the technology company's stock worth $811,000 after buying an additional 14,818 shares in the last quarter. Sargent Investment Group LLC grew its position in shares of Atomera by 200.4% during the fourth quarter. Sargent Investment Group LLC now owns 279,185 shares of the technology company's stock worth $2,945,000 after purchasing an additional 186,240 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Atomera during the 2nd quarter valued at approximately $512,000. Westside Investment Management Inc. boosted its stake in Atomera by 6.8% in the 4th quarter. Westside Investment Management Inc. now owns 123,512 shares of the technology company's stock worth $1,433,000 after purchasing an additional 7,812 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in Atomera by 38.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company's stock worth $323,000 after purchasing an additional 34,100 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.
About Atomera
(
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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.
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