ASM International (OTCMKTS:ASMIY) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of ASM International NV (OTCMKTS:ASMIY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1,037.79 and traded as low as $950.00. ASM International shares last traded at $960.92, with a volume of 6,020 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ASM International Stock Performance

The business’s 50 day moving average price is $1,033.89 and its 200-day moving average price is $947.02. The firm has a market capitalization of $47.38 billion, a PE ratio of 38.01 and a beta of 2.00.

ASM International Company Profile

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.