BE Semiconductor Industries (OTCMKTS:BESIY) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of BE Semiconductor Industries (OTCMKTS:BESIY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $124.49 and traded as low as $116.00. BE Semiconductor Industries shares last traded at $117.81, with a volume of 5,691 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on BESIY shares. UBS Group raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC lowered shares of BE Semiconductor Industries from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th.

BE Semiconductor Industries Price Performance

The company has a 50-day moving average price of $123.77 and a 200-day moving average price of $124.49. The firm has a market capitalization of $8.54 billion, a P/E ratio of 47.31 and a beta of 1.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 6.12 and a current ratio of 6.86.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.79 earnings per share (EPS) for the quarter. BE Semiconductor Industries had a return on equity of 39.31% and a net margin of 29.92%. The company had revenue of $163.66 million for the quarter. On average, sell-side analysts predict 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.