ASMPT (OTCMKTS:ASMVY) Stock Price Up 6.6% – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY)’s share price rose 6.6% during mid-day trading on Friday . The stock traded as high as $44.00 and last traded at $44.00. Approximately 173,554 shares traded hands during mid-day trading, an increase of 331% from the average daily volume of 40,301 shares. The stock had previously closed at $41.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of ASMPT to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

ASMPT Trading Up 3.0%

The business’s fifty day simple moving average is $40.50 and its 200-day simple moving average is $35.22.

ASMPT Company Profile

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.