ACM Research, Inc. recently saw its shares rise by 6.1% during Wednesday’s trading session. The stock reached a peak of $32.22 and ended the day at $32.84, with a trading volume of 304,437 shares, a significant 79% drop from its average daily volume of 1,429,688 shares. Previously, the stock closed at $30.94.
The company’s stock performance shows a 50-day simple moving average of $28.70 and a 200-day simple moving average of $25.56. ACM Research has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.75, and a beta of 1.43. The firm maintains a quick ratio of 1.49, a current ratio of 2.45, and a debt-to-equity ratio of 0.14.
In their most recent quarterly earnings report, issued on August 6th, ACM Research announced earnings per share of $0.54, which exceeded analysts’ expectations of $0.42. However, the company’s revenue came in lower than anticipated at $215.37 million against the forecasted $223.42 million. Despite this, the company’s revenue still reflected a 6.4% increase compared to the same quarter last year, when the earnings per share were $0.55. Analysts collectively project a $1.17 EPS for ACM Research for the current year.
In insider activity, Lisa Feng, an insider, sold 15,000 shares at $28.00, totaling $420,000. This sale reduced her stock ownership by 23.08%. Moreover, insider Jian Wang sold 30,000 shares at $32.00, amounting to $960,000, decreasing his position by 10.59%. In the past 90 days, insiders have sold a total of 301,152 company shares valued at approximately $8,809,160, with insiders owning 25% of the company.
Institutional interest in ACM Research has been active, with Man Group plc, Inspire Investing LLC, Aberdeen Group plc, Pinpoint Asset Management Ltd, and GAMMA Investing LLC either acquiring or increasing their stakes in the company. Institutional investors collectively hold 66.75% of ACM Research’s shares.
ACM Research specializes in developing, manufacturing, and selling single-wafer wet cleaning equipment aimed at improving the manufacturing process and yield for integrated chips globally. Its technologies, such as space alternated phase shift, timely energized bubble oscillation, Tahoe, and electro-chemical plating, play a crucial role in advanced wafer cleaning and metal plating processes.
While the current analyst consensus gives ACM Research a Moderate Buy rating, MarketBeat notes there are other stocks on analysts’ lists that may present better buying opportunities at this time.