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

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $64.6624, but opened at $68.80. ASMPT shares last traded at $69.56, with a volume of 2,937 shares traded.

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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, ASMPT presently has an average rating of “Strong Buy”.

ASMPT Stock Up 7.0%

The company’s 50 day moving average price is $50.69 and its 200-day moving average price is $40.19.

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.