ASMPT (OTCMKTS:ASMVY) Reaches New 1-Year High – Time to Buy?

ASMPT Limited (OTCMKTS:ASMVY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $78.42 and last traded at $78.42, with a volume of 639 shares. The stock had previously closed at $66.97.

Analysts Set New Price Targets

Separately, Zacks Research upgraded ASMPT from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

ASMPT Trading Up 11.7%

The stock has a 50 day moving average of $52.85 and a 200-day moving average of $41.25.

ASMPT Company Profile

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.