Analysts at Needham & Company LLC began coverage on shares of ACM Research (NASDAQ:ACMR) in a note issued to investors on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $20.00 price target on the specialty retailer’s stock. Needham & Company LLC’s price target indicates a potential upside of 40.55% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded ACM Research from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, August 13th. Craig Hallum restated a “buy” rating and set a $25.00 price objective (up from $20.00) on shares of ACM Research in a research report on Thursday, May 9th. Finally, ValuEngine downgraded ACM Research from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. ACM Research has a consensus rating of “Buy” and a consensus price target of $20.25.

Shares of ACMR opened at $14.23 on Monday. ACM Research has a 1 year low of $9.02 and a 1 year high of $21.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.03 and a quick ratio of 1.18. The company has a market capitalization of $202.91 million, a price-to-earnings ratio of 25.87 and a beta of -0.70. The business has a 50-day moving average of $16.72 and a 200-day moving average of $15.64.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.15. ACM Research had a return on equity of 26.29% and a net margin of 13.16%. The company had revenue of $29.01 million during the quarter, compared to the consensus estimate of $25.40 million. As a group, sell-side analysts anticipate that ACM Research will post 0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACMR. Paloma Partners Management Co acquired a new stake in ACM Research during the second quarter worth approximately $825,000. Renaissance Technologies LLC acquired a new stake in ACM Research during the second quarter worth approximately $787,000. Allianz Asset Management GmbH acquired a new stake in ACM Research during the second quarter worth approximately $631,000. Citadel Advisors LLC acquired a new stake in ACM Research during the second quarter worth approximately $626,000. Finally, A.R.T. Advisors LLC acquired a new stake in ACM Research during the second quarter worth approximately $321,000. 8.64% of the stock is owned by institutional investors and hedge funds.

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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