ASM International (OTCMKTS:ASMIY) Sees Strong Trading Volume – What’s Next?

ASM International NV (OTCMKTS:ASMIY) saw strong trading volume on Thursday. Approximately 25,407 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 11,020 shares. The stock last traded at $1,008.12 and had previously closed at $1,007.45.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ASMIY shares. Zacks Research downgraded ASM International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Barclays reiterated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ASM International Stock Down 0.2%

The stock has a market cap of $49.13 billion, a P/E ratio of 39.42 and a beta of 2.03. The business’s 50-day simple moving average is $967.41 and its two-hundred day simple moving average is $981.16.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.