Shares of ACM Research Inc (NASDAQ:ACMR) have been assigned an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.60.

A number of equities research analysts have recently issued reports on ACMR shares. Stifel Nicolaus assumed coverage on ACM Research in a research note on Thursday, August 22nd. They issued a “buy” rating and a $22.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of ACM Research in a report on Thursday, November 7th. Zacks Investment Research raised ACM Research from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, November 5th. Finally, ValuEngine cut ACM Research from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd.

Shares of ACMR stock opened at $13.91 on Friday. The company’s fifty day simple moving average is $13.72 and its 200-day simple moving average is $15.57. ACM Research has a 52 week low of $9.02 and a 52 week high of $21.88. The company has a current ratio of 2.91, a quick ratio of 2.14 and a debt-to-equity ratio of 0.03. The company has a market cap of $225.57 million, a PE ratio of 25.29 and a beta of -0.58.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.31. ACM Research had a net margin of 16.61% and a return on equity of 32.04%. The business had revenue of $33.43 million for the quarter, compared to analyst estimates of $29.70 million. Equities research analysts expect that ACM Research will post 0.75 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ACMR. Tower Research Capital LLC TRC lifted its holdings in ACM Research by 671.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,920 shares of the specialty retailer’s stock worth $54,000 after buying an additional 3,412 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of ACM Research during the third quarter valued at about $68,000. Acadian Asset Management LLC purchased a new stake in shares of ACM Research during the second quarter worth about $134,000. Wells Fargo & Company MN increased its position in shares of ACM Research by 106.1% during the second quarter. Wells Fargo & Company MN now owns 9,341 shares of the specialty retailer’s stock worth $146,000 after acquiring an additional 4,808 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of ACM Research in the third quarter worth about $152,000. 17.97% of the stock is currently owned by hedge funds and other institutional investors.

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 two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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