ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $64.4060, but opened at $67.51. ASMPT shares last traded at $64.64, with a volume of 2,300 shares changing hands.

Analyst Upgrades and Downgrades

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

ASMPT Price Performance

The business’s 50-day simple moving average is $69.50 and its 200-day simple moving average is $57.07.

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.