BE Semiconductor Industries (OTCMKTS:BESIY) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $267.11 and traded as low as $211.77. BE Semiconductor Industries shares last traded at $216.52, with a volume of 9,310 shares.

Wall Street Analysts Forecast Growth

BESIY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, September 8th. Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Zacks Research raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

BE Semiconductor Industries Stock Performance

The company’s 50-day simple moving average is $236.79 and its 200-day simple moving average is $267.36. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 70.47 and a beta of 1.99. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The company had revenue of $290.52 million during the quarter, compared to analyst estimates of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. On average, analysts expect that BE Semiconductor Industries NV will post 4.83 EPS for the current year.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based semiconductor equipment manufacturer that develops, produces and markets systems used in the assembly and packaging of semiconductor devices. Its equipment is used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to connect, protect and package semiconductor components after wafer fabrication.

The company’s product portfolio includes die-attach systems, packaging equipment and related solutions for advanced semiconductor applications.