ASMPT (OTCMKTS:ASMVY) Shares Up 8.3% – Here’s What Happened

Shares of ASMPT Limited (OTCMKTS:ASMVY) traded up 8.3% on Wednesday . The company traded as high as $80.48 and last traded at $80.08. 1,268 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 35,067 shares. The stock had previously closed at $73.91.

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 investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

ASMPT Stock Up 8.2%

The business has a 50 day simple moving average of $63.10 and a 200-day simple moving average of $45.99.

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.