BE Semiconductor Industries (OTCMKTS:BESIY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of BE Semiconductor Industries (OTCMKTS:BESIY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $126.72 and traded as low as $112.55. BE Semiconductor Industries shares last traded at $113.37, with a volume of 2,427 shares.

Analysts Set New Price Targets

BESIY has been the subject of a number of recent research reports. UBS Group upgraded BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC lowered BE Semiconductor Industries from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th.

BE Semiconductor Industries Stock Performance

The company has a quick ratio of 6.12, a current ratio of 6.86 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $134.65 and its 200-day simple moving average is $126.72.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $0.79 earnings per share for the quarter. The firm had revenue of $163.66 million during the quarter. BE Semiconductor Industries had a return on equity of 39.31% and a net margin of 29.92%. On average, equities analysts forecast that BE Semiconductor Industries will post 4.56 earnings per share for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.