ASM International (OTCMKTS:ASMIY) Shares Gap Down – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $924.25, but opened at $895.2464. ASM International shares last traded at $898.33, with a volume of 908 shares.

Wall Street Analysts Forecast Growth

ASMIY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

ASM International Stock Performance

The firm has a market capitalization of $44.03 billion, a PE ratio of 35.32 and a beta of 1.99. The firm has a fifty day moving average of $996.05 and a 200 day moving average of $955.33.

ASM International Company Profile

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.