ACM Research (ACMR) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS
ACM Research (NASDAQ:ACMR) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18, Fidelity Earnings reports. The company had revenue of $23.18 million during the quarter, compared to analyst estimates of $20.00 million. ACM Research had a net margin of 5.43% and a return on equity of 14.90%.
Shares of ACM Research stock traded down $0.27 during midday trading on Friday, reaching $11.73. The company had a trading volume of 32,766 shares, compared to its average volume of 26,327. The firm has a market cap of $143.82 million and a P/E ratio of 61.74. ACM Research has a 1-year low of $4.74 and a 1-year high of $15.60.
An institutional investor recently bought a new position in ACM Research stock. Bank of New York Mellon Corp purchased a new stake in ACM Research Inc (NASDAQ:ACMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,399 shares of the specialty retailer’s stock, valued at approximately $188,000. Bank of New York Mellon Corp owned approximately 0.12% of ACM Research at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.46% of the company’s stock.
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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 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 conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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