Atomera (NASDAQ:ATOM) Stock Price Crosses Below 50-Day Moving Average of $5.37

Atomera Incorporated (NASDAQ:ATOM)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.37 and traded as low as $4.00. Atomera shares last traded at $4.10, with a volume of 192,073 shares changing hands.

Atomera Price Performance

The business’s 50 day moving average price is $5.37 and its 200-day moving average price is $6.37. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.08. The company has a market cap of $110.24 million, a PE ratio of -5.26 and a beta of 1.35.

Atomera (NASDAQ:ATOM) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The company had revenue of $0.02 million for the quarter.

Insider Buying and Selling

In other Atomera news, CEO Scott A. Bibaud sold 8,027 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $6.20, for a total transaction of $49,767.40. Following the completion of the sale, the chief executive officer now owns 346,810 shares in the company, valued at approximately $2,150,222. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 17,518 shares of company stock worth $110,687. 13.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Atomera

Several institutional investors and hedge funds have recently made changes to their positions in the business. WealthTrust Axiom LLC acquired a new stake in Atomera in the fourth quarter valued at $70,000. Virtu Financial LLC bought a new stake in shares of Atomera in the 1st quarter worth about $216,000. Channel Wealth LLC raised its stake in shares of Atomera by 14.7% in the 4th quarter. Channel Wealth LLC now owns 62,900 shares of the technology company’s stock valued at $441,000 after purchasing an additional 8,050 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Atomera by 5.3% during the fourth quarter. Westside Investment Management Inc. now owns 91,175 shares of the technology company’s stock worth $639,000 after purchasing an additional 4,610 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in Atomera by 32.8% in the first quarter. GSA Capital Partners LLP now owns 142,541 shares of the technology company’s stock worth $878,000 after purchasing an additional 35,175 shares in the last quarter. 30.79% of the stock is currently owned by hedge funds and other 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.