ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Should You Buy?

ASMPT Limited (OTCMKTS:ASMVY) shares gapped up before the market opened on Thursday. The stock had previously closed at $36.30, but opened at $38.2750. ASMPT shares last traded at $38.32, with a volume of 4,896 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

ASMPT Price Performance

The company has a fifty day moving average price of $55.14 and a 200-day moving average price of $56.83.

About ASMPT

ASMPT is a global provider of equipment and software used to manufacture semiconductors and electronic products. Founded in 1975 as ASM Pacific Technology, the company is headquartered in Singapore and serves customers around the world. Its Semiconductor Solutions business supplies equipment for processes including die bonding, wire bonding, packaging and assembly. These tools support the production of components used in a range of electronic devices and applications. ASMPT also provides surface-mount technology (SMT) solutions for assembling circuit boards, including component placement, printing and inspection equipment, along with related software and services.