ASMPT (OTCMKTS:ASMVY) Reaches New 12-Month High – Time to Buy?

Shares of ASMPT Limited (OTCMKTS:ASMVY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.03 and last traded at $80.46, with a volume of 4611 shares trading hands. The stock had previously closed at $79.48.

Analyst Ratings Changes

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 MarketBeat, the company currently has a consensus rating of “Strong Buy”.

ASMPT Trading Up 1.2%

The company’s 50 day moving average is $63.91 and its 200-day moving average is $46.35.

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.