ACM Research (ACMR) to Release Earnings on Wednesday

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

ACM Research Price Performance

ACMR stock opened at $26.04 on Monday. ACM Research has a one year low of $13.87 and a one year high of $34.40. The company’s fifty day moving average price is $18.59 and its 200-day moving average price is $18.47. 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 company has a market capitalization of $1.50 billion, a PE ratio of 19.73 and a beta of 1.58.

Insider Buying and Selling

In other ACM Research news, insider David H. Wang sold 56,250 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the sale, the insider now directly owns 654,256 shares of the company’s stock, valued at approximately $11,704,639.84. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.00, for a total value of $519,754.00. Following the sale, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. The trade was a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 31.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACMR. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and decreased their price target for the company from $30.00 to $18.00 in a research note on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.