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

ASMPT Limited (OTCMKTS:ASMVY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $65.59, but opened at $61.98. ASMPT shares last traded at $61.16, with a volume of 541 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of ASMPT from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

ASMPT Price Performance

The business has a 50 day simple moving average of $69.49 and a 200 day simple moving average of $57.56.

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.