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Axcelis Technologies (NASDAQ:ACLS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday. They currently have a $1.60 price target on the stock. Zacks‘s price objective would suggest a potential downside of 7.51% from the company’s current price.

Axcelis Technologies (NASDAQ:ACLS) remained flat at $1.73 during during mid-day trading trading on Tuesday. The stock had a trading volume of 318,006 shares. Axcelis Technologies has a 52-week low of $1.50 and a 52-week high of $2.58. The stock’s 50-day moving average is $1.86 and its 200-day moving average is $2.00. The company’s market cap is $192.4 million.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.06) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.06). The company had revenue of $41.20 million for the quarter, compared to the consensus estimate of $40.75 million. During the same quarter last year, the company posted ($0.04) earnings per share. Axcelis Technologies’s revenue was down 13.4% compared to the same quarter last year. Analysts expect that Axcelis Technologies will post $-0.09 EPS for the current fiscal year.

Axcelis Technologies, Inc (NASDAQ:ACLS) designs, manufactures and services ion implantation, dry strip and other processing equipment used in the fabrication of semiconductor chips.

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