ACM Research (NASDAQ:ACMR) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of ACM Research (NASDAQ:ACMR) from a hold rating to a sell rating in a research note released on Sunday.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded ACM Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings upgraded ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ACM Research has an average rating of “Moderate Buy” and a consensus price target of $40.00.

ACM Research Stock Down 7.0%

Shares of ACMR opened at $44.92 on Friday. ACM Research has a fifty-two week low of $16.82 and a fifty-two week high of $71.65. The company’s fifty day moving average is $55.11 and its two-hundred day moving average is $42.32. The firm has a market cap of $2.73 billion, a PE ratio of 32.79 and a beta of 1.49. The company has a quick ratio of 2.33, a current ratio of 3.27 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On ACM Research

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ACM Research by 10.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 3,065 shares in the last quarter. Caxton Associates LLP purchased a new stake in ACM Research during the 1st quarter worth $250,000. Strs Ohio acquired a new stake in ACM Research in the 1st quarter valued at $133,000. Resona Asset Management Co. Ltd. increased its holdings in ACM Research by 14.9% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 7,730 shares of the specialty retailer’s stock valued at $199,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in ACM Research in the second quarter valued at about $344,000. Institutional investors and hedge funds own 66.75% of the company’s stock.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.