ASM International (OTCMKTS:ASMIY) Shares Gap Up – Time to Buy?

ASM International NV (OTCMKTS:ASMIY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $689.30, but opened at $743.85. ASM International shares last traded at $751.07, with a volume of 84 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASMIY. Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research report on Thursday, July 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ASM International currently has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The firm has a market capitalization of $37.25 billion, a P/E ratio of 32.32 and a beta of 2.05. The firm’s 50-day moving average is $902.65 and its 200 day moving average is $932.30.

About ASM International

ASM International N.V. is a Netherlands-based supplier of semiconductor manufacturing equipment and related services. The company develops and produces wafer-processing systems used in the front-end stages of semiconductor production, when device structures are formed on silicon wafers. Its portfolio includes equipment for atomic layer deposition (ALD), epitaxy, plasma-enhanced deposition and vertical furnace processing. These technologies help semiconductor manufacturers create and modify thin films used in chips for logic, memory and other applications.