ACM Research Stock Slips 11%

Shares of ACM Research, Inc. (ACMR) are slipping over 11% on Monday despite no stock-related news to hurt the shares.

ACMR is currently trading at $12.23, down $1.56 or 11.31%, on the Nasdaq. The stock opened its trading at $13.35 after closing Friday's trading at $13.79. The stock has traded between $11.23 and $39.71 in the past 52-week period.

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide.

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