ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Still a Buy?

ASMPT Limited (OTCMKTS:ASMVY) shares gapped up before the market opened on Monday . The stock had previously closed at $70.73, but opened at $77.93. ASMPT shares last traded at $77.93, with a volume of 1,135 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 MarketBeat, the company has an average rating of “Strong Buy”.

ASMPT Trading Up 11.6%

The business’s fifty day moving average is $61.61 and its two-hundred day moving average is $45.31.

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.