ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $29.65, but opened at $25.15. ACM Research shares last traded at $23.84, with a volume of 1,192,450 shares changing hands.
ACM Research Stock Performance
The firm has a 50-day simple moving average of $27.29 and a 200 day simple moving average of $24.46. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 14.51 and a beta of 1.36. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 0.14.
ACM Research (NASDAQ:ACMR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $215.37 million during the quarter, compared to analysts' expectations of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, sell-side analysts predict that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other ACM Research news, insider David H. Wang sold 70,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $23.60, for a total value of $1,652,000.00. Following the completion of the transaction, the insider owned 672,708 shares in the company, valued at approximately $15,875,908.80. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tracy Liu sold 15,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $30.00, for a total transaction of $450,000.00. Following the sale, the director owned 110,772 shares in the company, valued at $3,323,160. The trade was a 11.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,000 shares of company stock worth $4,269,800. 25.00% of the stock is owned by insiders.
Institutional Trading of ACM Research
Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV acquired a new stake in shares of ACM Research in the first quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its holdings in ACM Research by 506.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after buying an additional 1,685 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in ACM Research by 871.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,673 shares of the specialty retailer's stock valued at $109,000 after buying an additional 4,192 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in ACM Research during the first quarter worth $114,000. Finally, Palouse Capital Management Inc. raised its holdings in shares of ACM Research by 76.0% in the first quarter. Palouse Capital Management Inc. now owns 5,115 shares of the specialty retailer's stock worth $119,000 after acquiring an additional 2,208 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.
ACM Research Company Profile
(
Get Free Report)
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.
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