News to Track: Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies (NASDAQ:ACLS) spotted trading 1.13% off 52-week high price. On the other end, the stock has been noted 85.06% away from the low price over the last 52-weeks. The stock changed 2.53% to recent value of $25.89. The stock transacted 226594 shares during most recent day however it has an average volume of 206.78K shares. The company has 32.89M of outstanding shares and 31.61M shares were floated in the market.

On Feb. 5, 2020, Axcelis Technologies (NASDAQ:ACLS) reported financial results for the fourth quarter and full year ended December 31, 2019.

The Company reported fourth quarter revenue of $107.7 million, compared to $69.5 million for the third quarter of 2019. Operating profit for the quarter was $13.2 million, compared to $1.9 million for the third quarter. Net income for the quarter was $9.7 million, or $0.29 per diluted share, compared to net income for the third quarter of $0.7 million, or $0.02 per diluted share. Gross margin for the quarter was 41.1%, compared to 44% in the third quarter. Cash, cash equivalents and restricted cash were $146.5 million on December 31, 2019, compared to $162.2 million on September 30, 2019.

For the full year 2019, the Company reported revenue of $343.0 million, compared with $442.6 million for the full year 2018. Systems revenue for the year was $202.6 million, compared to $280.4 million in 2018. Operating profit was $24.2 million in 2019, compared to $60 million in 2018. Net income for the year was $17 million with diluted earnings per share of $0.50. This compares to 2018 net income of $45.9 million and earnings per diluted share of $1.35.

Its earnings per share (EPS) expected to touch remained -60.50% for this year while earning per share for the next 5-years is expected to reach at 20.00%. ACLS has a gross margin of 42.10% and an operating margin of 6.60% while its profit margin remained 4.60% for the last 12 months.

According to the most recent quarter its current ratio was 5.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.11% from the mean of 20 days, 8.94% from mean of 50 days SMA and performed 37.42% from mean of 200 days price. Company’s performance for the week was 7.61%, 7.03% for month and YTD performance remained 7.45%.

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