ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Time to Buy?
by Tristan Rich · The Markets DailyASMPT Limited (OTCMKTS:ASMVY – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $61.40, but opened at $66.25. ASMPT shares last traded at $65.61, with a volume of 1,460 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research cut ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ASMPT has a consensus rating of “Hold”.
View Our Latest Analysis on ASMVY
ASMPT Stock Performance
The company’s 50 day moving average price is $72.79 and its 200-day moving average price is $54.25.
About ASMPT
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.