ACM Research Inc (NASDAQ:ACMR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price target of $22.50 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned ACM Research an industry rank of 105 out of 256 based on the ratings given to its competitors.
ACMR has been the subject of several analyst reports. ValuEngine raised shares of ACM Research from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of ACM Research in a research note on Friday, March 8th. Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of ACM Research in a research note on Thursday, May 9th. Finally, Zacks Investment Research downgraded shares of ACM Research from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.
ACM Research stock traded up $0.61 during mid-day trading on Wednesday, reaching $19.27. The company had a trading volume of 355 shares, compared to its average volume of 108,619. The firm has a market capitalization of $256.82 million, a P/E ratio of 35.04 and a beta of -0.27. ACM Research has a fifty-two week low of $9.02 and a fifty-two week high of $21.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.03 and a quick ratio of 1.17.
ACM Research (NASDAQ:ACMR) last released its quarterly earnings results on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.12. The firm had revenue of $20.48 million during the quarter, compared to the consensus estimate of $17.50 million. ACM Research had a net margin of 13.13% and a return on equity of 25.10%. On average, analysts expect that ACM Research will post 0.51 earnings per share for the current year.
ACM Research Company Profile
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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