Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $67.50 and last traded at $68.11, with a volume of 93383 shares trading hands. The stock had previously closed at $73.10.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ACLS. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark lowered Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $167.33.
View Our Latest Research Report on Axcelis Technologies
Axcelis Technologies Trading Down 5.0 %
The stock has a market capitalization of $2.26 billion, a P/E ratio of 10.27, a P/E/G ratio of 2.36 and a beta of 1.53. The firm's 50 day simple moving average is $75.15 and its two-hundred day simple moving average is $99.55. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04.
Institutional Investors Weigh In On Axcelis Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Axcelis Technologies during the 2nd quarter valued at $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Axcelis Technologies in the second quarter valued at about $69,000. Truvestments Capital LLC bought a new position in shares of Axcelis Technologies during the third quarter valued at about $69,000. KBC Group NV boosted its holdings in Axcelis Technologies by 30.3% during the third quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock worth $98,000 after purchasing an additional 217 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Axcelis Technologies in the 3rd quarter worth about $105,000. Institutional investors own 89.98% of the company's stock.
Axcelis Technologies Company Profile
(
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Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.
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