ACM Research (NASDAQ:ACMR) posted its earnings results on Tuesday, May 8th. The specialty retailer reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06, Morningstar.com reports. The company had revenue of $9.74 million during the quarter, compared to the consensus estimate of $10.00 million.
NASDAQ:ACMR traded down $0.13 on Wednesday, reaching $11.76. 130 shares of the stock traded hands, compared to its average volume of 64,105. The company has a market capitalization of $161.00 million and a PE ratio of 62.79. ACM Research has a 1-year low of $11.98 and a 1-year high of $11.98.
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 (NASDAQ:ACMR) in the fourth quarter, according to the company in its most recent Form 13F 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. 6.14% of the stock is owned by institutional investors.
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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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.