ASM International (OTCMKTS:ASMIY) Reaches New 52-Week Low – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY)’s share price reached a new 52-week low on Monday . The stock traded as low as $446.01 and last traded at $456.59, with a volume of 5650 shares changing hands. The stock had previously closed at $498.13.

Analyst Upgrades and Downgrades

Separately, BNP Paribas assumed coverage on ASM International in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $561.00 price target for the company.

ASM International Price Performance

The company has a market cap of $23.88 billion, a PE ratio of 40.24 and a beta of 1.67. The firm has a 50-day simple moving average of $578.77 and a two-hundred day simple moving average of $584.89.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, February 25th. The company reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $0.87. The company had revenue of $863.04 million for the quarter, compared to analysts’ expectations of $865.31 million. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Equities research analysts forecast that ASM International NV will post 14.46 EPS for the current year.

ASM International Company Profile

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.