BE Semiconductor Industries (OTCMKTS:BESIY) Cut to “Strong Sell” at Zacks Research

BE Semiconductor Industries (OTCMKTS:BESIY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

BESIY has been the topic of several other research reports. Barclays lowered BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd. Kepler Capital Markets raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 10th. Finally, Sanford C. Bernstein started coverage on BE Semiconductor Industries in a report on Tuesday, June 17th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

BE Semiconductor Industries stock opened at $138.80 on Monday. BE Semiconductor Industries has a twelve month low of $88.02 and a twelve month high of $155.00. The stock’s fifty day simple moving average is $138.84 and its 200-day simple moving average is $126.65. The company has a quick ratio of 5.05, a current ratio of 5.73 and a debt-to-equity ratio of 1.47.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Thursday, July 24th. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The business had revenue of $173.78 million during the quarter, compared to analysts’ expectations of $150.33 million. BE Semiconductor Industries had a net margin of 28.10% and a return on equity of 36.83%. On average, analysts expect that BE Semiconductor Industries will post 4.56 EPS for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.