Atomera (NASDAQ:ATOM) Stock Passes Below 50-Day Moving Average of $6.84

Atomera Incorporated (NASDAQ:ATOMGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.84 and traded as low as $6.04. Atomera shares last traded at $6.40, with a volume of 112,577 shares traded.

Atomera Price Performance

The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $6.84 and its 200 day moving average price is $6.69. The firm has a market cap of $172.16 million, a price-to-earnings ratio of -8.00 and a beta of 1.26.

Atomera (NASDAQ:ATOMGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.18) EPS for the quarter. The business had revenue of $0.55 million during the quarter.

Insider Buying and Selling

In other Atomera news, CEO Scott A. Bibaud sold 8,027 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $6.20, for a total value of $49,767.40. Following the sale, the chief executive officer now owns 346,810 shares of the company’s stock, valued at approximately $2,150,222. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 17,518 shares of company stock valued at $110,687 over the last ninety days. 13.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atomera

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in shares of Atomera during the 4th quarter worth approximately $1,602,000. Baird Financial Group Inc. boosted its stake in shares of Atomera by 48.0% in the 2nd quarter. Baird Financial Group Inc. now owns 441,165 shares of the technology company’s stock valued at $3,869,000 after purchasing an additional 143,042 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Atomera by 11.0% in the 2nd quarter. BlackRock Inc. now owns 1,418,368 shares of the technology company’s stock worth $12,439,000 after purchasing an additional 140,161 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Atomera by 360.0% during the 4th quarter. GSA Capital Partners LLP now owns 107,366 shares of the technology company’s stock worth $753,000 after purchasing an additional 84,024 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in Atomera by 387.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 82,400 shares of the technology company’s stock valued at $723,000 after purchasing an additional 65,500 shares during the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Company Profile

(Get Free Report)

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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