ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Time to Sell?

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $65.59, but opened at $61.98. ASMPT shares last traded at $61.16, with a volume of 541 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of ASMPT from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, ASMPT presently has a consensus rating of “Strong Buy”.

ASMPT Stock Down 0.3%

The business has a fifty day moving average of $69.19 and a two-hundred day moving average of $57.86.

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.