ACM Research Inc (NASDAQ:ACMR) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price objective of $15.33 for the company and are anticipating 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 95 out of 257 based on the ratings given to related companies.

ACMR has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of ACM Research in a research report on Wednesday, August 8th. Craig Hallum increased their target price on ACM Research from $13.00 to $19.50 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered ACM Research from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, ValuEngine lowered ACM Research from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th.

Shares of NASDAQ:ACMR traded down $0.29 during trading on Wednesday, hitting $10.94. The stock had a trading volume of 16,451 shares, compared to its average volume of 63,653. ACM Research has a 12 month low of $4.74 and a 12 month high of $15.60. The firm has a market capitalization of $158.18 million and a P/E ratio of 58.11.

ACM Research (NASDAQ:ACMR) last announced its earnings results on Thursday, November 8th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.18. ACM Research had a return on equity of 22.42% and a net margin of 10.81%. The firm had revenue of $23.18 million during the quarter, compared to analyst estimates of $20.00 million. On average, analysts forecast that ACM Research will post 0.31 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in ACM Research by 154.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 45,783 shares of the specialty retailer’s stock valued at $506,000 after buying an additional 27,787 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of ACM Research during the second quarter worth approximately $877,000. Bank of New York Mellon Corp acquired a new stake in shares of ACM Research during the second quarter worth approximately $188,000. BlackRock Inc. acquired a new stake in shares of ACM Research during the second quarter worth approximately $4,335,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of ACM Research during the second quarter worth approximately $162,000. 12.07% 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.

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