ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Still a Buy?

ASMPT Limited (OTCMKTS:ASMVY – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $39.17, but opened at $43.6950. ASMPT shares last traded at $43.5750, with a volume of 587 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on ASMPT

ASMPT Stock Down 0.6%

The firm’s 50 day simple moving average is $57.07 and its 200-day simple moving average is $56.88.

About ASMPT

(Get Free Report)

ASMPT Limited, formerly known as ASM Pacific Technology Limited, is a Hong Kong-based supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves customers across the semiconductor assembly and packaging, surface-mount technology (SMT), and electronics production industries.

Its Semiconductor Solutions business provides equipment for processes such as die bonding, wire bonding, advanced packaging, and other semiconductor assembly applications.

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