Ichor (NASDAQ:ICHR – Get Free Report) posted its quarterly earnings data on Tuesday. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14), Zacks reports. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%.
Ichor Stock Performance
Shares of ICHR stock traded up $1.19 on Tuesday, hitting $28.21. 315,730 shares of the stock were exchanged, compared to its average volume of 254,392. Ichor has a one year low of $25.95 and a one year high of $46.43. The firm has a market capitalization of $951.52 million, a PE ratio of -30.33 and a beta of 1.91. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $31.56 and its two-hundred day moving average is $30.72.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Needham & Company LLC lowered Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen dropped their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.29.
Ichor Company Profile
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.
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