ASMPT (OTCMKTS:ASMVY) Stock Price Up 8.3% – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY) shares rose 8.3% during trading on Wednesday . The company traded as high as $80.48 and last traded at $80.08. 1,268 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 35,067 shares. The stock had previously closed at $73.91.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, ASMPT currently has a consensus rating of “Strong Buy”.

ASMPT Stock Up 1.2%

The company’s fifty day moving average price is $64.75 and its two-hundred day moving average price is $46.71.

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.