ASMPT (OTCMKTS:ASMVY) Stock Price Down 15.1% – Here’s What Happened

ASMPT Limited (OTCMKTS:ASMVY) shares were down 15.1% during mid-day trading on Friday . The stock traded as low as $61.00 and last traded at $61.00. Approximately 450 shares changed hands during trading, a decline of 99% from the average session volume of 31,703 shares. The stock had previously closed at $71.85.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

ASMPT Price Performance

The business has a 50-day moving average of $73.05 and a 200-day moving average of $53.30.

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.