ACM Research Inc (NASDAQ:ACMR) Given $22.50 Average Price Target by Analysts
Shares of ACM Research Inc (NASDAQ:ACMR) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $22.50 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned ACM Research an industry rank of 74 out of 256 based on the ratings given to related companies.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Tuesday. Craig Hallum reiterated a “buy” rating and issued a $25.00 target price (up from $20.00) on shares of ACM Research in a report on Thursday, May 9th.
Shares of ACMR stock traded up $0.51 on Tuesday, hitting $18.31. The stock had a trading volume of 156,400 shares, compared to its average volume of 103,186. ACM Research has a 52-week low of $9.02 and a 52-week high of $21.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.03 and a quick ratio of 1.17. The stock has a market capitalization of $260.29 million, a price-to-earnings ratio of 33.29 and a beta of -0.70. The business has a 50 day simple moving average of $16.96.
ACM Research (NASDAQ:ACMR) last issued its earnings results on Wednesday, August 7th. The specialty retailer reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.15. The company had revenue of $29.01 million for the quarter, compared to analysts’ expectations of $25.40 million. ACM Research had a net margin of 13.16% and a return on equity of 27.20%. Sell-side analysts expect that ACM Research will post 0.51 earnings per share for the current year.
About ACM Research
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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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