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

Atomera Incorporated (NASDAQ:ATOM)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.71 and traded as low as $5.87. Atomera shares last traded at $5.98, with a volume of 228,515 shares trading hands.

Atomera Stock Down 2.1 %

The firm has a 50-day moving average price of $7.71 and a 200 day moving average price of $6.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.25 and a quick ratio of 5.25. The company has a market cap of $183.61 million, a price-to-earnings ratio of -8.79 and a beta of 1.53.

Atomera (NASDAQ:ATOM) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.16) 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 Inflows and Outflows

A number of large investors have recently modified their holdings of the company. WealthTrust Axiom LLC lifted its stake in shares of Atomera by 15.4% in the 4th quarter. WealthTrust Axiom LLC now owns 15,000 shares of the technology company’s stock valued at $174,000 after acquiring an additional 2,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Atomera by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 83,154 shares of the technology company’s stock valued at $965,000 after acquiring an additional 2,300 shares during the last quarter. Mariner LLC lifted 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 acquiring an additional 4,200 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Atomera by 8.7% in the 4th quarter. Northern Trust Corp now owns 61,910 shares of the technology company’s stock valued at $718,000 after acquiring an additional 4,934 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of Atomera by 6.8% in the 4th quarter. Westside Investment Management Inc. now owns 123,512 shares of the technology company’s stock valued at $1,433,000 after acquiring an additional 7,812 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

About Atomera

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.