ASMPT (OTCMKTS:ASMVY) Shares Down 12% – Here’s What Happened

ASMPT Limited (OTCMKTS:ASMVY) was down 12% during trading on Thursday. The company traded as low as $53.00 and last traded at $53.00. Approximately 298 shares were traded during mid-day trading, a decline of 99% from the average session volume of 23,983 shares. The stock had previously closed at $60.26.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, ASMPT has an average rating of “Hold”.

ASMPT Price Performance

The stock has a fifty day moving average price of $62.83 and a two-hundred day moving average price of $63.79.

ASMPT Company Profile

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor manufacturing and electronics assembly. The company serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics manufacturers across major production markets worldwide.

ASMPT operates through two principal business areas: Semiconductor Solutions and SMT Solutions. Its semiconductor equipment portfolio includes systems for die bonding, wire bonding, flip-chip packaging, molding, singulation and other advanced packaging and assembly processes.