Atomera (NASDAQ:ATOM) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Shares of Atomera Incorporated (NASDAQ:ATOM - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.06 and traded as low as $4.79. Atomera shares last traded at $4.97, with a volume of 525,405 shares traded.

Atomera Stock Performance

The stock has a market cap of $122.82 million, a price-to-earnings ratio of -5.88 and a beta of 1.53. The firm's 50-day moving average is $6.80 and its two-hundred day moving average is $6.49. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.

Atomera (NASDAQ:ATOM - Get Free Report) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates 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 Investors Weigh In On Atomera

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WealthTrust Axiom LLC boosted its holdings in shares of Atomera by 15.4% during the 4th quarter. WealthTrust Axiom LLC now owns 15,000 shares of the technology company's stock worth $174,000 after purchasing an additional 2,000 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Atomera by 2.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 83,154 shares of the technology company's stock worth $965,000 after buying an additional 2,300 shares during the last quarter. Mariner LLC grew its stake in shares of Atomera by 42.0% in the 4th quarter. Mariner LLC now owns 14,200 shares of the technology company's stock valued at $165,000 after buying an additional 4,200 shares during the period. Northern Trust Corp increased its holdings in shares of Atomera by 8.7% during the 4th quarter. Northern Trust Corp now owns 61,910 shares of the technology company's stock worth $718,000 after buying an additional 4,934 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of Atomera by 6.8% during the 4th quarter. Westside Investment Management Inc. now owns 123,512 shares of the technology company's stock valued at $1,433,000 after buying an additional 7,812 shares during the period. Institutional investors and hedge funds own 30.79% of the company's stock.

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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.