ASM International (OTCMKTS:ASMIY) Sees Unusually-High Trading Volume – Still a Buy?

ASM International NV (OTCMKTS:ASMIYGet Free Report) saw unusually-strong trading volume on Monday . Approximately 22,746 shares changed hands during trading, an increase of 108% from the previous session’s volume of 10,936 shares.The stock last traded at $906.55 and had previously closed at $921.93.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Citigroup reissued a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Finally, Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. One research 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 issued a Sell rating to the company. According to data from MarketBeat, ASM International currently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on ASMIY

ASM International Stock Performance

The firm’s 50 day moving average is $1,048.98 and its 200 day moving average is $933.20. The stock has a market cap of $46.14 billion, a P/E ratio of 37.02 and a beta of 2.00.

About ASM International

(Get Free Report)

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.

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