ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Time to Sell?

ASMPT Limited (OTCMKTS:ASMVY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $78.02, but opened at $74.50. ASMPT shares last traded at $74.68, with a volume of 1,899 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

ASMPT Trading Down 5.0%

The stock’s 50-day moving average is $62.40 and its 200-day moving average is $45.66.

About ASMPT

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.