ACM Research Hits Day Low of CNY 179.01 Amid Price Pressure
ACM Research (Shanghai), Inc. saw a notable decline in its stock price today, contrasting with the minor decrease of the China Shanghai Composite. Despite recent downturns, the company has shown strong long-term performance, with significant gains over the past year and three years, and holds a substantial market capitalization.
ACM Research (Shanghai), Inc. experienced a significant decline today, with its stock price dropping by 6.52% as it reached an intraday low of CNY 179.01. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.19% on the same day.Over the past week, ACM Research has faced a more pronounced downturn, with a total decline of 10.96%. However, the company has shown resilience over a longer time frame, boasting a remarkable 57.2% increase in stock value over the past year, significantly outperforming the China Shanghai Composite's 20.88% gain. Year-to-date, ACM Research has achieved an impressive 79.68% return.
The company operates within the industrial manufacturing sector and holds a market capitalization of CNY 71,450 million. Key financial metrics indicate a price-to-earnings ratio of 52.00 and a return on equity of 16.61%. Despite today's decline, ACM Research has demonstrated strong long-term performance, with a 159.09% increase over the past three years.
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