ACM Research, Inc. (NASDAQ:ACMR) insider Mark Mckechnie sold 5,000 shares of ACM Research stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $94.05, for a total value of $470,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ ACMR opened at $88.83 on Thursday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 63.45 and a beta of 0.55. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $104.31. ACM Research, Inc. has a fifty-two week low of $60.84 and a fifty-two week high of $144.81.
ACM Research (NASDAQ:ACMR) last released its earnings results on Thursday, November 4th. The specialty retailer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.20. The company had revenue of $67.00 million for the quarter, compared to the consensus estimate of $67.20 million. ACM Research had a return on equity of 11.88% and a net margin of 14.62%. ACM Research’s quarterly revenue was up 40.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Sell-side analysts anticipate that ACM Research, Inc. will post 1.25 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new stake in ACM Research during the first quarter valued at about $30,000. Citigroup Inc. raised its holdings in ACM Research by 50.0% during the second quarter. Citigroup Inc. now owns 333 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 111 shares during the period. JTC Employer Solutions Trusteee Ltd bought a new stake in ACM Research during the second quarter valued at about $95,000. SG Americas Securities LLC bought a new stake in ACM Research during the second quarter valued at about $122,000. Finally, Maverick Capital Ltd. raised its holdings in ACM Research by 21.8% during the third quarter. Maverick Capital Ltd. now owns 1,421 shares of the specialty retailer’s stock valued at $156,000 after acquiring an additional 254 shares during the period. Institutional investors own 46.70% of the company’s stock.
About ACM Research
ACM Research, Inc engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It supplies process solutions that semi conductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield.
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