ASMPT (OTCMKTS:ASMVY) Shares Gap Up – What’s Next?

by · The Markets Daily

ASMPT Limited (OTCMKTS:ASMVY – Get Free Report)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $61.70, but opened at $66.25. ASMPT shares last traded at $66.36, with a volume of 2,123 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ASMPT presently has an average rating of “Hold”.

Get Our Latest Research Report on ASMVY

ASMPT Trading Up 8.8%

The company has a fifty day moving average price of $61.73 and a 200 day moving average price of $62.32.

ASMPT Company Profile

(Get Free Report)

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor manufacturing and electronics assembly. The company serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics manufacturers across major production markets worldwide.

ASMPT operates through two principal business areas: Semiconductor Solutions and SMT Solutions. Its semiconductor equipment portfolio includes systems for die bonding, wire bonding, flip-chip packaging, molding, singulation and other advanced packaging and assembly processes.

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