BE Semiconductor Industries (OTCMKTS:BESIY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of BE Semiconductor Industries (OTCMKTS:BESIY) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

BESIY has been the subject of several other reports. Barclays downgraded BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 3rd. Sanford C. Bernstein started coverage on BE Semiconductor Industries in a research note on Tuesday, June 17th. They issued an “outperform” rating for the company. Finally, Kepler Capital Markets raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

BE Semiconductor Industries Stock Down 2.0%

OTCMKTS BESIY opened at $136.00 on Monday. The business has a fifty day moving average price of $138.65 and a 200 day moving average price of $126.72. BE Semiconductor Industries has a one year low of $88.02 and a one year high of $155.00. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.73 and a quick ratio of 5.05.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings data on Thursday, July 24th. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). BE Semiconductor Industries had a net margin of 28.10% and a return on equity of 36.83%. The firm had revenue of $173.78 million during the quarter, compared to analyst estimates of $150.33 million. On average, equities research analysts forecast that BE Semiconductor Industries 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.