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 $873.33, but opened at $831.35. ASM International shares last traded at $830.36, with a volume of 1,924 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group lowered ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. BNP Paribas Exane upgraded shares of ASM International to an “outperform” rating in a research note on Monday, February 2nd. Citigroup reissued a “buy” rating on shares of ASM International in a report on Tuesday, January 20th. Finally, Barclays reissued an “overweight” rating on shares of ASM International in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

ASM International Trading Down 4.4%

The firm has a market cap of $40.99 billion, a price-to-earnings ratio of 46.21 and a beta of 1.91. The stock has a 50-day moving average of $777.90 and a 200-day moving average of $648.95.

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.