ASM International (OTCMKTS:ASMIY) Stock Price Up 16.2% – Time to Buy?

ASM International NV (OTCMKTS:ASMIY)’s stock price rose 16.2% during trading on Friday . The stock traded as high as $956.32 and last traded at $946.74. 247 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 10,613 shares. The stock had previously closed at $815.01.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ASMIY shares. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday. Barclays reaffirmed an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Citigroup reissued a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ASM International has a consensus rating of “Moderate Buy”.

ASM International Trading Up 1.0%

The stock has a market capitalization of $45.19 billion, a P/E ratio of 36.25 and a beta of 1.99. The company has a fifty day simple moving average of $1,056.05 and a two-hundred day simple moving average of $928.92.

About ASM International

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.