ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $43.4212, but opened at $38.80. ASMPT shares last traded at $37.9450, with a volume of 8,313 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, ASMPT currently has an average rating of “Hold”.

View Our Latest Stock Analysis on ASMVY

ASMPT Trading Down 14.4%

The firm has a fifty day moving average of $57.56 and a 200 day moving average of $56.88.

About ASMPT

(Get Free Report)

ASMPT Limited, formerly known as ASM Pacific Technology Limited, is a Hong Kong-based supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves customers across the semiconductor assembly and packaging, surface-mount technology (SMT), and electronics production industries.

Its Semiconductor Solutions business provides equipment for processes such as die bonding, wire bonding, advanced packaging, and other semiconductor assembly applications.

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