Ichor (NASDAQ:ICHR) Announces Earnings Results

Ichor (NASDAQ:ICHR) posted its quarterly earnings results on Tuesday. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14), Zacks reports. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%.

Ichor Trading Up 10.8 %

NASDAQ ICHR opened at $31.25 on Thursday. The company’s fifty day simple moving average is $31.33 and its 200-day simple moving average is $30.60. Ichor has a 52 week low of $25.95 and a 52 week high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.05 billion, a P/E ratio of -34.61 and a beta of 1.91.

Analysts Set New Price Targets

Several research firms have recently issued reports on ICHR. TD Cowen cut their price target on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. B. Riley restated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a report on Wednesday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.29.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.