BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares gapped down prior to trading on Friday . The stock had previously closed at $149.31, but opened at $141.55. BE Semiconductor Industries shares last traded at $141.55, with a volume of 5,665 shares traded.

Wall Street Analysts Forecast Growth

BESIY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a report on Wednesday, October 15th. Zacks Research raised BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, UBS Group reiterated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Down 1.3%

The company has a 50 day moving average of $157.73 and a 200-day moving average of $143.46. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.73 and a quick ratio of 5.05. The company has a market cap of $10.24 billion, a P/E ratio of 69.55 and a beta of 1.87.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $154.12 million during the quarter, compared to the consensus estimate of $160.84 million. BE Semiconductor Industries had a return on equity of 32.72% and a net margin of 25.42%. On average, equities analysts predict that BE Semiconductor Industries NV will post 4.56 earnings per share for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.