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

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $78.02, but opened at $74.50. ASMPT shares last traded at $74.68, with a volume of 1,899 shares.

Wall Street Analysts Forecast Growth

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

ASMPT Stock Up 7.5%

The stock has a fifty day moving average price of $63.91 and a 200 day moving average price of $46.35.

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.