BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down - Here's What Happened

Key Points

• BE Semiconductor Industries (OTCMKTS:BESIY) experienced a drop in share price, opening at $128.80 after closing at $132.27.
• Analysts have mixed ratings on the stock, with Barclays downgrading it to a "hold" while Kepler Capital Markets upgraded it to a "strong-buy".
• In its latest earnings report, BE Semiconductor missed analysts' EPS expectations, reporting $0.45 against a consensus of $0.49, but exceeded revenue forecasts with $173.78 million.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $132.27, but opened at $128.80. BE Semiconductor Industries shares last traded at $128.80, with a volume of 116 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BESIY shares. Zacks Research cut shares of BE Semiconductor Industries from a "hold" rating to a "strong sell" rating in a research report on Monday. Sanford C. Bernstein started coverage on shares of BE Semiconductor Industries in a research report on Tuesday, June 17th. They issued an "outperform" rating for the company. Barclays cut shares of BE Semiconductor Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Kepler Capital Markets raised shares of BE Semiconductor Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

BE Semiconductor Industries Stock Down 2.0%

The company's 50-day moving average price is $138.84 and its two-hundred day moving average price is $126.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.73 and a quick ratio of 5.05.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last released its earnings results on Thursday, July 24th. The technology company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). BE Semiconductor Industries had a return on equity of 36.83% and a net margin of 28.10%.The company had revenue of $173.78 million during the quarter, compared to the consensus estimate of $150.33 million. On average, equities analysts expect that BE Semiconductor Industries NV will post 4.56 EPS 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.