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

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $167.00, but opened at $158.00. BE Semiconductor Industries shares last traded at $158.00, with a volume of 289 shares.

Wall Street Analysts Forecast Growth

BESIY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research report on Wednesday, October 15th. Zacks Research raised shares of BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, UBS Group reaffirmed a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Price Performance

The firm has a market cap of $11.24 billion, a P/E ratio of 76.33 and a beta of 1.84. The business’s fifty day simple moving average is $160.84 and its 200-day simple moving average is $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) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $154.12 million during the quarter, compared to analysts’ expectations of $160.84 million. BE Semiconductor Industries had a return on equity of 33.98% and a net margin of 25.42%. As a group, analysts forecast that BE Semiconductor Industries NV will post 4.56 EPS for the current fiscal year.

About BE Semiconductor Industries

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.