ACM Research (NASDAQ:ACMR) Trading Down 6.8% - Should You Sell?

Shares of ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) traded down 6.8% on Wednesday . The stock traded as low as $16.82 and last traded at $17.08. 1,056,770 shares were traded during trading, a decline of 27% from the average session volume of 1,442,243 shares. The stock had previously closed at $18.33.

Analyst Ratings Changes

A number of brokerages have recently commented on ACMR. JPMorgan Chase & Co. began coverage on shares of ACM Research in a research note on Friday, February 28th. They set an "overweight" rating and a $36.00 price objective on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. Finally, Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.40.

ACM Research Trading Up 4.8 %

The business's fifty day simple moving average is $24.59 and its two-hundred day simple moving average is $20.24. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 15.27 and a beta of 1.65.

Insider Buying and Selling at ACM Research

In related news, insider Sotheara Cheav sold 22,598 shares of ACM Research stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now owns 100,002 shares of the company's stock, valued at $2,300,046. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the completion of the transaction, the director now directly owns 100,002 shares of the company's stock, valued at approximately $3,000,060. This represents a 62.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,174 shares of company stock valued at $8,213,329 in the last ninety days. Insiders own 31.24% of the company's stock.

Institutional Trading of ACM Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in shares of ACM Research by 35.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 70,655 shares of the specialty retailer's stock valued at $1,067,000 after buying an additional 18,617 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of ACM Research during the fourth quarter worth approximately $5,782,000. Barclays PLC lifted its position in ACM Research by 63.3% during the 3rd quarter. Barclays PLC now owns 137,584 shares of the specialty retailer's stock worth $2,793,000 after buying an additional 53,319 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of ACM Research by 70.0% in the 4th quarter. Intech Investment Management LLC now owns 21,273 shares of the specialty retailer's stock valued at $321,000 after buying an additional 8,760 shares during the period. Finally, Aristides Capital LLC bought a new position in ACM Research in the fourth quarter valued at approximately $204,000. 66.75% of the stock is owned by institutional investors and hedge funds.

About ACM Research

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.