ASMPT (OTCMKTS:ASMVY) Trading Down 6.2% – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY) shares traded down 6.2% during trading on Wednesday . The stock traded as low as $70.3660 and last traded at $70.3660. 928 shares traded hands during trading, a decline of 97% from the average daily volume of 32,899 shares. The stock had previously closed at $75.05.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

ASMPT Stock Down 2.8%

The stock has a 50-day moving average of $72.02 and a 200 day moving average of $51.23.

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.