ASMPT (OTCMKTS:ASMVY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of ASMPT (OTCMKTS:ASMVY) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

ASMPT Trading Down 2.3%

OTCMKTS:ASMVY opened at $64.84 on Thursday. ASMPT has a 1 year low of $19.68 and a 1 year high of $67.31. The firm has a 50 day moving average of $46.81 and a 200-day moving average of $38.37.

About ASMPT

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.