ACM Research Inc (NASDAQ:ACMR) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $10.67 for the company and are forecasting that the company will post ($0.10) earnings per share for the current quarter, according to Zacks. Zacks has also given ACM Research an industry rank of 235 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on ACMR shares. Roth Capital started coverage on ACM Research in a report on Wednesday, November 29th. They set a “buy” rating and a $10.00 target price for the company. Craig Hallum started coverage on ACM Research in a report on Friday, December 1st. They set a “buy” rating and a $10.00 target price for the company. Benchmark initiated coverage on ACM Research in a report on Wednesday, December 13th. They set a “buy” rating and a $10.00 target price for the company. Finally, Zacks Investment Research lowered ACM Research from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th.
ACM Research (NASDAQ:ACMR) traded down $0.33 during trading on Thursday, reaching $13.13. The company’s stock had a trading volume of 160,359 shares, compared to its average volume of 115,183. ACM Research has a one year low of $4.74 and a one year high of $13.74.
ACM Research (NASDAQ:ACMR) last posted its earnings results on Monday, March 5th. The specialty retailer reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $17.19 million for the quarter, compared to analysts’ expectations of $11.80 million. equities analysts forecast that ACM Research will post 0.2 EPS for the current year.
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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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