BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s Why

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $368.69, but opened at $330.50. BE Semiconductor Industries shares last traded at $330.69, with a volume of 565 shares trading hands.

Analyst Ratings Changes

BESIY has been the topic of several recent research reports. Zacks Research raised BE Semiconductor Industries to a “strong-buy” rating in a research note on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Down 2.6%

The company’s fifty day moving average price is $312.51 and its 200-day moving average price is $237.31. The stock has a market capitalization of $24.08 billion, a PE ratio of 150.26 and a beta of 1.97. The company has a quick ratio of 4.17, a current ratio of 4.74 and a debt-to-equity ratio of 1.11.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%.The firm had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $220.77 million. Analysts forecast that BE Semiconductor Industries NV will post 4.45 earnings per share for the current 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.