ASM International (OTCMKTS:ASMIY) Shares Gap Up – Here’s Why

ASM International NV (OTCMKTS:ASMIY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $975.22, but opened at $1,018.07. ASM International shares last traded at $1,006.47, with a volume of 81 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Finally, Barclays reissued an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ASM International Price Performance

The firm has a market cap of $49.21 billion, a price-to-earnings ratio of 39.48 and a beta of 1.99. The business’s 50-day moving average price is $954.48 and its two-hundred day moving average price is $969.20.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.