ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Should You Buy?

Shares of ASMPT Limited (OTCMKTS:ASMVYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $58.91, but opened at $62.37. ASMPT shares last traded at $62.37, with a volume of 287 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, ASMPT currently has an average rating of “Strong Buy”.

Get Our Latest Stock Analysis on ASMPT

ASMPT Price Performance

The company’s 50-day moving average is $63.06 and its 200-day moving average is $60.57.

About ASMPT

(Get Free Report)

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves semiconductor and electronics manufacturers throughout the production process, helping customers assemble, package, inspect and test increasingly complex electronic components.

Its semiconductor solutions include die bonding, wire bonding, molding, wafer processing and other equipment used in semiconductor assembly and advanced packaging.

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