BE Semiconductor Industries (OTCMKTS:BESIY) Trading Down 10.2% – Time to Sell?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) fell 10.2% during mid-day trading on Monday . The company traded as low as $285.79 and last traded at $285.79. Approximately 1,061 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 7,277 shares. The stock had previously closed at $318.26.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BESIY shares. Zacks Research downgraded BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. Finally, Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, BE Semiconductor Industries has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 0.1%

The company has a market capitalization of $21.36 billion, a P/E ratio of 133.30 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.74 and a quick ratio of 4.17. The business’s 50-day moving average price is $320.77 and its two-hundred day moving average price is $246.07.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $216.51 million during the quarter, compared to analysts’ expectations of $220.77 million. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 38.42%. As a group, analysts forecast that BE Semiconductor Industries NV will post 4.45 EPS for the current fiscal 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.