BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares gapped down before the market opened on Friday . The stock had previously closed at $143.68, but opened at $138.40. BE Semiconductor Industries shares last traded at $138.40, with a volume of 332 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on BESIY. Barclays lowered shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. Kepler Capital Markets raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 10th. Hsbc Global Res raised shares of BE Semiconductor Industries from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 28th. HSBC upgraded BE Semiconductor Industries from a “reduce” rating to a “hold” rating in a report on Monday, April 28th. Finally, Sanford C. Bernstein assumed coverage on BE Semiconductor Industries in a report on Tuesday, June 17th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Down 2.9%

The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.05 and a current ratio of 5.73. The company’s 50-day moving average is $143.24 and its 200-day moving average is $124.64.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings results on Thursday, July 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The firm had revenue of $173.78 million for the quarter, compared to analyst estimates of $150.33 million. BE Semiconductor Industries had a return on equity of 36.83% and a net margin of 28.10%. As a group, equities research analysts predict that BE Semiconductor Industries NV 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.