ACM Research (NASDAQ:ACMR) Shares Up 9.9%
ACM Research Inc (NASDAQ:ACMR)’s stock price shot up 9.9% on Thursday . The stock traded as high as $19.10 and last traded at $19.03, 374,210 shares traded hands during mid-day trading. An increase of 263% from the average session volume of 103,002 shares. The stock had previously closed at $17.32.
Several brokerages recently weighed in on ACMR. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Craig Hallum reduced their target price on shares of Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th.
The business’s fifty day moving average is $17.22. The stock has a market capitalization of $238.79 million, a PE ratio of 34.60 and a beta of -0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.17 and a current ratio of 2.03.
A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA acquired a new stake in ACM Research in the first quarter valued at approximately $28,000. Geode Capital Management LLC raised its holdings in ACM Research by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 77,179 shares of the specialty retailer’s stock valued at $839,000 after acquiring an additional 3,782 shares in the last quarter. BlackRock Inc. raised its holdings in ACM Research by 1.3% in the fourth quarter. BlackRock Inc. now owns 410,562 shares of the specialty retailer’s stock valued at $4,467,000 after acquiring an additional 5,284 shares in the last quarter. Spark Investment Management LLC raised its holdings in ACM Research by 40.9% in the first quarter. Spark Investment Management LLC now owns 18,600 shares of the specialty retailer’s stock valued at $286,000 after acquiring an additional 5,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in ACM Research by 65.7% in the fourth quarter. Bank of New York Mellon Corp now owns 27,695 shares of the specialty retailer’s stock valued at $301,000 after acquiring an additional 10,985 shares in the last quarter. 10.33% of the stock is currently owned by hedge funds and other institutional investors.
ACM Research Company Profile (NASDAQ:ACMR)
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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