ASMPT (OTCMKTS:ASMVY) Rating Lowered to Hold at Zacks Research

ASMPT (OTCMKTS:ASMVY – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

ASMPT Price Performance

OTCMKTS ASMVY opened at $74.58 on Monday. The stock’s fifty day moving average price is $66.90 and its 200 day moving average price is $47.74. ASMPT has a 1 year low of $21.09 and a 1 year high of $81.53.

ASMPT Company Profile

(Get Free Report)

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.

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