ACM Research Inc (NASDAQ:ACMR)’s share price dropped 10.8% during trading on Friday . The company traded as low as $39.77 and last traded at $35.93, approximately 53,076 shares were traded during mid-day trading. A decline of 93% from the average daily volume of 720,007 shares. The stock had previously closed at $40.26.

ACMR has been the subject of a number of recent research reports. TheStreet upgraded shares of ACM Research from a “c” rating to a “b-” rating in a report on Tuesday, December 17th. Craig Hallum reiterated a “buy” rating and issued a $31.00 target price (up from $25.00) on shares of ACM Research in a report on Tuesday, January 14th. They noted that the move was a valuation call. Stifel Nicolaus boosted their target price on shares of ACM Research from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Zacks Investment Research downgraded shares of ACM Research from a “buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Morgan Stanley initiated coverage on shares of ACM Research in a report on Tuesday. They issued an “overweight” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. ACM Research presently has a consensus rating of “Buy” and a consensus price target of $38.25.

The firm has a market cap of $792.36 million, a PE ratio of 39.64 and a beta of -0.43. The company has a quick ratio of 2.14, a current ratio of 2.91 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $22.70 and a two-hundred day moving average price of $16.77.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.31. ACM Research had a return on equity of 32.04% and a net margin of 16.61%. The business had revenue of $33.43 million for the quarter, compared to analyst estimates of $29.70 million. As a group, equities analysts anticipate that ACM Research Inc will post 0.89 earnings per share for the current year.

Several hedge funds have recently modified their holdings of ACMR. Tower Research Capital LLC TRC grew its stake in shares of ACM Research by 671.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,920 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 3,412 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of ACM Research during the third quarter worth about $68,000. Wells Fargo & Company MN grew its stake 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. Bailard Inc. purchased a new stake in shares of ACM Research during the third quarter worth about $152,000. Finally, JPMorgan Chase & Co. grew its stake in shares of ACM Research by 436.8% during the second quarter. JPMorgan Chase & Co. now owns 10,950 shares of the specialty retailer’s stock worth $169,000 after acquiring an additional 8,910 shares during the last quarter. Institutional investors and hedge funds own 18.55% of the company’s stock.

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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