ASM International (OTCMKTS:ASMIY) Sees Large Volume Increase – What’s Next?

ASM International NV (OTCMKTS:ASMIY) shares saw unusually-high trading volume on Monday . Approximately 22,746 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 10,936 shares.The stock last traded at $906.55 and had previously closed at $921.93.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASMIY. Citigroup reiterated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Thursday. Finally, Barclays restated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ASM International has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The company’s 50 day moving average price is $1,053.62 and its 200-day moving average price is $930.24. The company has a market cap of $44.53 billion, a PE ratio of 35.72 and a beta of 1.99.

About ASM International

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.