BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Up - Here's Why

Key Points

• BE Semiconductor Industries' shares gapped up from $129.30 to $136.00, with a last trading value of $136.00 on a volume of 481 shares.
• Analyst ratings vary, with Kepler Capital Markets upgrading the stock to a "strong-buy", while Barclays downgraded it to a "hold", resulting in an average rating of "Moderate Buy".
• In recent earnings, BE Semiconductor reported $0.45 EPS, which missed estimates, although revenue exceeded expectations at $173.78 million.

BE Semiconductor Industries NV (OTCMKTS:BESIY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $129.30, but opened at $136.00. BE Semiconductor Industries shares last traded at $136.00, with a volume of 481 shares traded.

Wall Street Analysts Forecast Growth

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

BE Semiconductor Industries Price Performance

The company has a current ratio of 5.73, a quick ratio of 5.05 and a debt-to-equity ratio of 1.47. The company's 50-day simple moving average is $138.55 and its two-hundred day simple moving average is $127.21.

BE Semiconductor Industries (OTCMKTS:BESIY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The technology company reported $0.45 EPS 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. As a group, equities research analysts forecast that BE Semiconductor Industries NV will post 4.56 EPS for the current fiscal year.

About BE Semiconductor Industries

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.