ASMPT (OTCMKTS:ASMVY) Shares Gap Up – What’s Next?

ASMPT Limited (OTCMKTS:ASMVY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $64.6624, but opened at $68.80. ASMPT shares last traded at $69.56, with a volume of 2,937 shares trading hands.

Wall Street Analysts Forecast Growth

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

ASMPT Stock Up 5.1%

The firm has a 50 day moving average price of $51.71 and a two-hundred day moving average price of $40.70.

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.