ACM Research (NASDAQ:ACMR) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $205 million-$230 million, compared to the consensus revenue estimate of $222.21 million.
Shares of NASDAQ:ACMR traded up $0.29 on Friday, reaching $64.84. The company had a trading volume of 251,087 shares, compared to its average volume of 327,657. ACM Research has a 52-week low of $50.96 and a 52-week high of $144.81. The firm’s 50 day simple moving average is $80.67 and its 200-day simple moving average is $88.10. The firm has a market capitalization of $1.12 billion, a PE ratio of 96.78 and a beta of 0.89.
ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, May 6th. The specialty retailer reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.27. ACM Research had a return on equity of 16.48% and a net margin of 10.46%. The firm had revenue of $43.73 million for the quarter, compared to the consensus estimate of $42.58 million. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 79.6% on a year-over-year basis. As a group, equities analysts expect that ACM Research will post 0.86 EPS for the current year.
In other news, insider Sotheara Cheav sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $93.69, for a total value of $936,900.00. Following the completion of the transaction, the insider now owns 53,334 shares of the company’s stock, valued at approximately $4,996,862.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David H. Wang sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $91.92, for a total value of $4,596,000.00. Following the completion of the transaction, the insider now directly owns 217,234 shares of the company’s stock, valued at approximately $19,968,149.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,028 shares of company stock worth $6,857,561. Company insiders own 46.02% of the company’s stock.
About ACM Research
ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers with fine feature sizes; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.
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