Atomera (NASDAQ:ATOM) Sets New 1-Year High – What’s Next?

Atomera Incorporated (NASDAQ:ATOM) shares hit a new 52-week high on Monday . The company traded as high as $17.52 and last traded at $17.39, with a volume of 555907 shares changing hands. The stock had previously closed at $16.55.

Atomera Stock Up 2.2 %

The business’s fifty day moving average is $7.30 and its two-hundred day moving average is $4.64. The company has a market cap of $486.64 million, a P/E ratio of -24.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.25 and a current ratio of 5.25.

Institutional Investors Weigh In On Atomera

Several large investors have recently modified their holdings of ATOM. Renaissance Technologies LLC bought a new stake in shares of Atomera in the 2nd quarter valued at about $512,000. Consolidated Planning Corp bought a new stake in shares of Atomera in the 3rd quarter valued at about $40,000. GSA Capital Partners LLP raised its stake in shares of Atomera by 28.0% during the 3rd quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock worth $172,000 after acquiring an additional 14,327 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atomera during the third quarter valued at approximately $44,000. Finally, Hilltop Holdings Inc. lifted its position in Atomera by 38.4% during the third quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company’s stock valued at $323,000 after acquiring an additional 34,100 shares during the last quarter. Institutional investors own 30.79% of the company’s stock.

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.