ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Should You Sell?

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $69.93, but opened at $65.9924. ASMPT shares last traded at $65.54, with a volume of 2,959 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, ASMPT currently has an average rating of “Strong Buy”.

ASMPT Price Performance

The company has a 50-day moving average of $48.75 and a 200-day moving average of $39.33.

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.