Insider Selling: ACM Research, Inc. (NASDAQ:ACMR) Director Sells 15,000 Shares of Stock

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) Director Tracy Liu sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $30.00, for a total value of $450,000.00. Following the completion of the sale, the director directly owned 110,772 shares in the company, valued at approximately $3,323,160. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

ACM Research Price Performance

Shares of NASDAQ:ACMR traded up $0.54 during midday trading on Thursday, reaching $30.20. 682,801 shares of the company's stock traded hands, compared to its average volume of 1,431,841. The company has a fifty day simple moving average of $25.40 and a two-hundred day simple moving average of $22.95. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $30.64. The company has a market cap of $1.78 billion, a P/E ratio of 19.36 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 2.46.

Hedge Funds Weigh In On ACM Research

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in shares of ACM Research by 47.2% in the second quarter. Janney Montgomery Scott LLC now owns 38,858 shares of the specialty retailer's stock valued at $1,006,000 after purchasing an additional 12,468 shares during the period. Kendall Capital Management raised its position in shares of ACM Research by 19.5% during the 2nd quarter. Kendall Capital Management now owns 54,055 shares of the specialty retailer's stock worth $1,400,000 after purchasing an additional 8,815 shares during the last quarter. FCG Investment Co lifted its stake in ACM Research by 1.6% in the 2nd quarter. FCG Investment Co now owns 35,877 shares of the specialty retailer's stock valued at $929,000 after buying an additional 577 shares in the last quarter. Congress Asset Management Co. acquired a new stake in ACM Research in the 2nd quarter worth about $5,107,000. Finally, Ruffer LLP purchased a new stake in ACM Research during the 2nd quarter worth approximately $6,855,000. 66.75% of the stock is currently owned by institutional investors and hedge funds.

ACM Research Company Profile

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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