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

by · The Markets Daily

BE Semiconductor Industries NV (OTCMKTS:BESIY – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $161.5350, but opened at $166.94. BE Semiconductor Industries shares last traded at $166.94, with a volume of 279 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BESIY shares. Zacks Research raised BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research note on Wednesday, October 15th. Finally, UBS Group reiterated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BE Semiconductor Industries currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on BESIY

BE Semiconductor Industries Trading Down 3.7%

The business has a 50-day moving average price of $160.84 and a two-hundred day moving average price of $146.78. The company has a current ratio of 5.75, a quick ratio of 5.02 and a debt-to-equity ratio of 1.46.

BE Semiconductor Industries (OTCMKTS:BESIY – Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.37 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $160.84 million. Equities analysts predict that BE Semiconductor Industries NV will post 4.56 EPS for the current fiscal year.

About BE Semiconductor Industries

(Get Free Report)

BE Semiconductor Industries N.V. engages in the development, manufacture, marketing, sale, and service of semiconductor assembly equipment for the semiconductor and electronics industries in China, the United States, Malaysia, Ireland, Korea, Taiwan, Thailand, Other Asia Pacific and Europe, and internationally.

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