ACM Research (ACMR) Projected to Post Earnings on Wednesday

ACM Research (NASDAQ:ACMR) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect ACM Research to post earnings of $0.31 per share and revenue of $194.93 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

ACM Research Price Performance

Shares of NASDAQ:ACMR opened at $23.49 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.35 billion, a PE ratio of 17.80 and a beta of 1.58. The firm’s 50 day moving average price is $18.75 and its 200-day moving average price is $18.50. ACM Research has a twelve month low of $13.87 and a twelve month high of $34.40.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ACMR shares. Craig Hallum downgraded shares of ACM Research from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $18.00 in a research report on Thursday, December 5th. Needham & Company LLC lowered ACM Research from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Insiders Place Their Bets

In other ACM Research news, insider Sotheara Cheav sold 22,598 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $519,754.00. Following the sale, the insider now directly owns 100,002 shares of the company’s stock, valued at $2,300,046. This trade represents a 18.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 31.24% of the company’s stock.

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.