ASMPT (OTCMKTS:ASMVY) Hits New 52-Week High – Here’s What Happened

ASMPT Limited (OTCMKTS:ASMVY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $67.57 and last traded at $66.99, with a volume of 23454 shares trading hands. The stock had previously closed at $66.62.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of ASMPT from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

ASMPT Stock Down 0.1%

The company’s fifty day simple moving average is $47.71 and its 200 day simple moving average is $38.82.

ASMPT Company Profile

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.