Axcelis Technologies (NASDAQ:ACLS) stock observed trading -22.20% off 52-week high price. On the other end, the stock has been noted 75.13% away from low price over the last 52-weeks. The stock disclosed a move of 11.10% away from 50 day moving average and 11.05% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.63% off 20-day moving average. It has market cap of $776.00M.
On May 05, 2020, Axcelis Technologies (NASDAQ:ACLS) notified financial results for the first quarter ended March 31, 2020.
The Company reported first quarter revenue of $119 million, compared to $107.7 million for the fourth quarter of 2019. Operating profit for the quarter was $13.7 million, compared to $13.2 million for the fourth quarter. Net income for the quarter was $11.2 million, or $0.33 per diluted share, compared to net income for the fourth quarter of $9.7 million, or $0.29 per diluted share. Gross margin for the quarter was 38.3%, compared to 41.1% in the fourth quarter. Cash, cash equivalents and restricted cash were $181.4 million on March 31, 2020, compared to $146.5 million on December 31, 2019.
President and CEO Mary Puma commented, We are very pleased with our strong first quarter performance. As a result of everyone’s extraordinary efforts, we delivered an excellent financial quarter by continuing to meet our customers’ expectations. While there is limited visibility to near-term macroeconomic conditions, customer demand for our Purion platform remains strong. Axcelis has a highly differentiated product line, a broad and diverse customer base, a robust balance sheet and a dedicated team of employees. These strengths will propel us through this difficult period and lead us to market leadership in ion implantation.
The USA based company Axcelis Technologies moved with change of 1.65% to $22.75 with the total traded volume of 309229 shares in recent session versus to an average volume of 344.57K. The stock was observed in the 5 days activity at -6.91%. The one month performance of stock was 35.26%. ACLS’s shares are at -9.90% for the quarter and driving a 3.03% return over the course of the past year and is now at -5.58% since this point in 2018. Right now the stock beta is 1.41. The average volatility for the week and month was at 5.83% and 6.21% respectively. There are 34.11M shares outstanding and 32.08M shares are floated in market.