BE Semiconductor Industries (OTCMKTS:BESIY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $168.38 and traded as high as $225.0150. BE Semiconductor Industries shares last traded at $218.00, with a volume of 7,451 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BESIY. Kepler Capital Markets cut BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Citigroup reaffirmed a “neutral” rating on shares of BE Semiconductor Industries in a research report on Tuesday, January 20th. Sanford C. Bernstein reiterated an “outperform” rating on shares of BE Semiconductor Industries in a research note on Sunday, January 4th. Berenberg Bank upgraded shares of BE Semiconductor Industries to a “hold” rating in a research report on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

BE Semiconductor Industries Stock Down 3.1%

The stock has a 50-day simple moving average of $198.83 and a 200-day simple moving average of $168.38. The company has a debt-to-equity ratio of 1.46, a quick ratio of 5.02 and a current ratio of 5.75.

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.