Investors focused on the Computer and Technology space have likely heard of ACM Research (ACMR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
ACM Research is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ACMR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ACMR's full-year earnings has moved 86.67% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ACMR has returned about 179.43% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 10.40% on average. This means that ACM Research is performing better than its sector in terms of year-to-date returns.
To break things down more, ACMR belongs to the Electronics - Semiconductors industry, a group that includes 33 individual companies and currently sits at #74 in the Zacks Industry Rank. This group has lost an average of 2.19% so far this year, so ACMR is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track ACMR. The stock will be looking to continue its solid performance.