ACM Research (ACMR) Reaches New 52-Week High at $13.82

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.

How to Become a New Pot Stock Millionaire

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.

A hedge fund recently bought a new stake in ACM Research stock. Granite Point Capital Management L.P. bought a new stake in shares of ACM Research Inc (NASDAQ:ACMR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the specialty retailer’s stock, valued at approximately $131,000. Granite Point Capital Management L.P. owned 0.19% of ACM Research as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 6.76% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “ACM Research (ACMR) Reaches New 52-Week High at $13.82” was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.themarketsdaily.com/2018/03/14/acm-research-acmr-reaches-new-52-week-high-at-13-82.html.

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.

Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply