ACM Research (NASDAQ:ACMR) announced its quarterly earnings results on Wednesday. The specialty retailer reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31, Fidelity Earnings reports. ACM Research had a return on equity of 26.29% and a net margin of 13.16%. The company had revenue of $33.43 million during the quarter, compared to analyst estimates of $29.70 million.
ACMR traded down $1.23 during trading on Friday, reaching $14.42. The stock had a trading volume of 155,200 shares, compared to its average volume of 112,128. The stock’s 50 day moving average is $13.57 and its two-hundred day moving average is $15.98. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $203.34 million, a price-to-earnings ratio of 26.22 and a beta of -0.61. ACM Research has a one year low of $9.02 and a one year high of $21.88.
A number of equities analysts have issued reports on ACMR shares. Zacks Investment Research upgraded ACM Research from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of ACM Research in a report on Thursday. Stifel Nicolaus started coverage on ACM Research in a report on Thursday, August 22nd. They issued a “buy” rating and a $22.00 price objective for the company. Finally, ValuEngine downgraded ACM Research from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. ACM Research presently has a consensus rating of “Buy” and an average target price of $19.60.
ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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