ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Time to Buy?

ASMPT Limited (OTCMKTS:ASMVY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $70.37, but opened at $81.00. ASMPT shares last traded at $81.00, with a volume of 569 shares changing hands.

Wall Street Analyst Weigh In

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

ASMPT Price Performance

The stock’s fifty day simple moving average is $55.07 and its 200-day simple moving average is $42.23.

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.