ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Time to Sell?

ASMPT Limited (OTCMKTS:ASMVY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $64.74, but opened at $61.2850. ASMPT shares last traded at $61.2850, with a volume of 298 shares.

Analysts Set New Price Targets

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

ASMPT Stock Down 1.3%

The business’s fifty day simple moving average is $72.72 and its 200 day simple moving average is $54.47.

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.