Benchmark Co. analyst Mark Miller maintained a Buy rating on ACM Research Inc (NASDAQ: ACMR) today and set a price target of $16. The company’s shares closed yesterday at $13.12.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 25.6% and a 73.0% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
ACM Research Inc has an analyst consensus of Moderate Buy, with a price target consensus of $17.75.
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ACM Research Inc’s market cap is currently $208.3M and has a P/E ratio of 218.67. The company has a Price to Book ratio of 4.57.
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ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It operates through the Space Alternated Phase Shift and Timely Energized Bubble Oscillation technology. The company was founded by David H. Wang in January 1998 and is headquartered in Fremont, CA.
