Infinera (NASDAQ:INFN) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Infinera Co. (NASDAQ:INFN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.50 and traded as high as $6.64. Infinera shares last traded at $6.64, with a volume of 1,008,711 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on INFN shares. B. Riley lowered Infinera from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. StockNews.com upgraded Infinera from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $6.65 price target on shares of Infinera in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.09.

Infinera Price Performance

The firm has a market capitalization of $1.57 billion, a P/E ratio of -13.85 and a beta of 1.63. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The firm's fifty day moving average price is $6.60 and its 200-day moving average price is $6.51.

Institutional Trading of Infinera

Several institutional investors have recently modified their holdings of the company. Magnetar Financial LLC bought a new stake in Infinera during the fourth quarter worth approximately $56,240,000. PSquared Asset Management AG grew its stake in Infinera by 131.6% in the fourth quarter. PSquared Asset Management AG now owns 5,606,004 shares of the communications equipment provider's stock valued at $36,831,000 after purchasing an additional 3,185,500 shares in the last quarter. Geode Capital Management LLC increased its position in Infinera by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,829,486 shares of the communications equipment provider's stock worth $32,605,000 after purchasing an additional 47,925 shares during the last quarter. Citigroup Inc. raised its stake in shares of Infinera by 2,104.8% during the 3rd quarter. Citigroup Inc. now owns 2,915,001 shares of the communications equipment provider's stock worth $19,676,000 after purchasing an additional 2,782,789 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Infinera by 2.0% during the 4th quarter. Wellington Management Group LLP now owns 2,690,238 shares of the communications equipment provider's stock valued at $17,675,000 after buying an additional 52,381 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company's stock.

Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.