ASMPT (OTCMKTS:ASMVY) Shares Up 10% – Time to Buy?

ASMPT Limited (OTCMKTS:ASMVY)’s share price was up 10% on Monday. The stock traded as high as $67.28 and last traded at $67.28. 239 shares were traded during mid-day trading, a decline of 99% from the average session volume of 24,800 shares. The stock had previously closed at $61.14.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

ASMPT Trading Up 1.3%

The business has a 50-day moving average of $62.33 and a 200-day moving average of $62.91.

About ASMPT

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor manufacturing and electronics assembly. The company serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics manufacturers across major production markets worldwide.

ASMPT operates through two principal business areas: Semiconductor Solutions and SMT Solutions. Its semiconductor equipment portfolio includes systems for die bonding, wire bonding, flip-chip packaging, molding, singulation and other advanced packaging and assembly processes.