ACM Research (ACMR) Projected to Post Quarterly Earnings on Wednesday

ACM Research (NASDAQ:ACMR) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect ACM Research to post earnings of $0.31 per share and revenue of $194.93 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

ACM Research Stock Performance

ACMR opened at $23.49 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.34 and a current ratio of 2.37. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.80 and a beta of 1.58. The company has a fifty day moving average of $18.75 and a 200 day moving average of $18.50. ACM Research has a fifty-two week low of $13.87 and a fifty-two week high of $34.40.

Insiders Place Their Bets

In other news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $519,754.00. Following the completion of the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 31.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACMR. Craig Hallum lowered ACM Research from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC cut ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

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 shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.