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

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $66.62, but opened at $71.12. ASMPT shares last traded at $69.50, with a volume of 1,410 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

ASMPT Stock Performance

The stock’s 50-day simple moving average is $49.28 and its two-hundred day simple moving average is $39.54.

ASMPT Company Profile

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.