ASM International (OTCMKTS:ASMIY) Shares Gap Down – What’s Next?

Shares of ASM International NV (OTCMKTS:ASMIY) gapped down prior to trading on Wednesday. The stock had previously closed at $975.19, but opened at $912.92. ASM International shares last traded at $921.9628, with a volume of 382 shares trading hands.

Analyst Ratings Changes

ASMIY has been the topic of a number of analyst reports. Zacks Research downgraded ASM International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ASM International Stock Down 1.7%

The stock has a 50 day moving average of $971.28 and a 200 day moving average of $986.57. The firm has a market cap of $44.77 billion, a price-to-earnings ratio of 35.92 and a beta of 2.03.

ASM International Company Profile

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.