Shares of ACM Research Inc (NASDAQ:ACMR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.82 and last traded at $13.82, with a volume of 50396 shares changing hands. The stock had previously closed at $13.13.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Benchmark restated a “buy” rating on shares of ACM Research in a research note on Wednesday, January 24th. Craig Hallum assumed coverage on ACM Research in a research note on Friday, December 1st. They issued a “buy” rating and a $10.00 price target for the company. Finally, Roth Capital assumed coverage on ACM Research in a research note on Wednesday, November 29th. They issued a “buy” rating and a $10.00 price target for the company.
ACM Research (NASDAQ:ACMR) last released its earnings results on Monday, March 5th. The specialty retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $17.19 million for the quarter, compared to the consensus estimate of $11.80 million. equities analysts anticipate that ACM Research Inc will post 0.2 earnings per share for the current year.
About ACM Research
Acm Research, Inc develops, manufactures and sells single-wafer wet cleaning equipment, which semiconductor manufacturers uses in manufacturing steps to remove particles, contaminants and other random defects in fabricating integrated circuits, or chips. The Company’s Ultra C equipment is designed to remove random defects from a wafer surface, even at an advanced process node (the minimum line width on a chip) of 22 nanometers (nm) or less.
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