ACM Research (NASDAQ:ACMR) Trading Down 9.6% – Here’s Why
by Tristan Rich · The Markets DailyACM Research, Inc. (NASDAQ:ACMR – Get Free Report)’s stock price fell 9.6% during trading on Thursday . The stock traded as low as $46.76 and last traded at $46.82. 669,758 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,616,372 shares. The stock had previously closed at $51.82.
Analysts Set New Price Targets
A number of equities analysts have commented on ACMR shares. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price target on shares of ACM Research in a report on Wednesday, November 5th. Zacks Research raised ACM Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.00.
Get Our Latest Stock Report on ACM Research
ACM Research Stock Down 6.7%
The firm’s 50-day moving average is $54.86 and its two-hundred day moving average is $41.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27. The stock has a market cap of $2.93 billion, a P/E ratio of 35.28 and a beta of 1.49.
Hedge Funds Weigh In On ACM Research
Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of ACM Research by 266.7% in the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of ACM Research during the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp raised its stake in shares of ACM Research by 206.8% during the third quarter. Jones Financial Companies Lllp now owns 764 shares of the specialty retailer’s stock worth $29,000 after buying an additional 515 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in ACM Research by 78.9% in the third quarter. SBI Securities Co. Ltd. now owns 832 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 367 shares during the period. Institutional investors own 66.75% of the company’s stock.
ACM Research Company Profile
ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.
Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.