BE Semiconductor Industries (OTCMKTS:BESIY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of BE Semiconductor Industries (OTCMKTS:BESIY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $124.49 and traded as low as $116.00. BE Semiconductor Industries shares last traded at $117.81, with a volume of 5,691 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BESIY shares. Needham & Company LLC downgraded BE Semiconductor Industries from a “moderate buy” rating to a “hold” rating in a report on Monday, January 13th. UBS Group upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th.

BE Semiconductor Industries Stock Down 2.7 %

The firm has a 50 day moving average of $122.23 and a two-hundred day moving average of $124.32. The stock has a market capitalization of $8.03 billion, a PE ratio of 44.46 and a beta of 1.76. The company has a current ratio of 6.86, a quick ratio of 6.12 and a debt-to-equity ratio of 1.13.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its earnings results on Thursday, February 20th. The technology company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $163.66 million during the quarter. BE Semiconductor Industries had a net margin of 29.92% and a return on equity of 39.31%. Equities research analysts anticipate that BE Semiconductor Industries will post 4.56 earnings per share for the current year.

BE Semiconductor Industries Company Profile

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.