ASM International (OTCMKTS:ASMIY) Trading Down 6.4% – Time to Sell?

Shares of ASM International NV (OTCMKTS:ASMIY) fell 6.4% during mid-day trading on Monday . The company traded as low as $600.05 and last traded at $602.55. 256 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 8,601 shares. The stock had previously closed at $643.69.

Analysts Set New Price Targets

ASMIY has been the topic of several recent research reports. Rothschild Redb lowered ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Citigroup restated a “buy” rating on shares of ASM International in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Wednesday, September 24th. Finally, Zacks Research upgraded ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

ASM International Price Performance

The company has a market cap of $29.98 billion, a P/E ratio of 33.80 and a beta of 1.90. The stock has a fifty day moving average price of $609.67 and a two-hundred day moving average price of $573.59.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, October 28th. The company reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. The business had revenue of $932.68 million for the quarter, compared to analysts’ expectations of $814.93 million. ASM International had a return on equity of 21.55% and a net margin of 24.50%. Equities analysts predict that ASM International NV will post 14.46 earnings per share for the current fiscal year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.