ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $51.55, but opened at $57.59. ASMPT shares last traded at $57.59, with a volume of 1,235 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, ASMPT presently has a consensus rating of “Hold”.

ASMPT Stock Performance

The company has a fifty day moving average price of $71.65 and a 200-day moving average price of $55.25.

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.