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

Shares of ASMPT Limited (OTCMKTS:ASMVY) gapped up before the market opened on Tuesday . The stock had previously closed at $43.7030, but opened at $48.25. ASMPT shares last traded at $48.30, with a volume of 151,942 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised ASMPT to a “hold” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, ASMPT currently has an average rating of “Hold”.

ASMPT Price Performance

The company has a 50-day moving average price of $41.07 and a 200-day moving average price of $35.68.

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.