ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Here’s What Happened

Shares of ASMPT Limited (OTCMKTS:ASMVY) gapped down prior to trading on Tuesday . The stock had previously closed at $62.0650, but opened at $58.28. ASMPT shares last traded at $58.28, with a volume of 275 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded ASMPT from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

ASMPT Trading Down 0.2%

The company has a fifty day simple moving average of $63.33 and a two-hundred day simple moving average of $60.46.

ASMPT Company Profile

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves semiconductor and electronics manufacturers throughout the production process, helping customers assemble, package, inspect and test increasingly complex electronic components.

Its semiconductor solutions include die bonding, wire bonding, molding, wafer processing and other equipment used in semiconductor assembly and advanced packaging.