ASMPT (OTCMKTS:ASMVY) Shares Gap Down – What’s Next?

Shares of ASMPT Limited (OTCMKTS:ASMVYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $93.40, but opened at $77.00. ASMPT shares last traded at $76.00, with a volume of 2,620 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Report on ASMVY

ASMPT Price Performance

The business has a 50-day simple moving average of $70.88 and a two-hundred day simple moving average of $49.98.

About ASMPT

(Get Free Report)

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.

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