ASM International (OTCMKTS:ASMIY) Shares Gap Down – What’s Next?

ASM International NV (OTCMKTS:ASMIY) gapped down before the market opened on Wednesday. The stock had previously closed at $975.19, but opened at $912.92. ASM International shares last traded at $921.9628, with a volume of 382 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ASMIY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Zacks Research cut ASM International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ASM International Price Performance

The firm has a market capitalization of $44.77 billion, a P/E ratio of 35.92 and a beta of 2.03. The business’s 50-day moving average is $971.28 and its 200 day moving average is $986.57.

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.