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

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) gapped down before the market opened 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 changing hands.

Analyst Ratings Changes

BESIY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, May 19th. Finally, Zacks Research raised BE Semiconductor Industries to a “strong-buy” rating in a research report on Thursday, April 23rd. One equities 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 company’s stock. According to MarketBeat.com, BE Semiconductor Industries has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

The company has a market capitalization of $23.78 billion, a PE ratio of 148.42 and a beta of 1.97. The company has a current ratio of 4.74, a quick ratio of 4.17 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average is $315.53 and its two-hundred day moving average is $239.68.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its earnings results on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $216.51 million for the quarter, compared to the consensus estimate of $220.77 million. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%. Equities research analysts predict that BE Semiconductor Industries NV will post 4.45 earnings per share for the current year.

About BE Semiconductor Industries

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.