BE Semiconductor Industries (OTCMKTS:BESIY) Stock Price Down 8.1% – Time to Sell?

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s stock price was down 8.1% during mid-day trading on Thursday . The stock traded as low as $170.80 and last traded at $170.80. Approximately 2,100 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 2,943 shares. The stock had previously closed at $185.95.

Wall Street Analysts Forecast Growth

BESIY has been the subject of a number of research reports. UBS Group reiterated a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, October 24th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of BE Semiconductor Industries in a research note on Sunday, January 4th. Kepler Capital Markets downgraded shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday. Zacks Research upgraded shares of BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a research note on Wednesday, October 15th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

BE Semiconductor Industries Trading Up 3.6%

The firm’s 50 day moving average is $158.53 and its 200 day moving average is $151.25. The company has a quick ratio of 5.02, a current ratio of 5.75 and a debt-to-equity ratio of 1.46.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. BE Semiconductor Industries had a net margin of 25.42% and a return on equity of 33.98%. The business had revenue of $154.12 million for the quarter, compared to analyst estimates of $160.84 million. On average, analysts anticipate that BE Semiconductor Industries NV will post 4.56 earnings per share for the current fiscal year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries NV (OTCMKTS:BESIY), commonly known as BESI, is a global supplier of assembly equipment for the semiconductor industry. The company designs, develops and manufactures capital equipment used in the back-end production of semiconductor devices, including die attach, wire bonding and flip chip packaging systems. BESI’s platforms support a wide range of applications from memory and logic chips to advanced power devices and radio-frequency modules, enabling high precision, throughput and yield in device assembly and test processes.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI went public on Euronext Amsterdam in 1999.