ASMPT (OTCMKTS:ASMVY) Upgraded to “Strong-Buy” at Zacks Research

ASMPT (OTCMKTS:ASMVY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

ASMPT Stock Down 2.3%

Shares of ASMVY stock opened at $64.84 on Thursday. The stock has a fifty day moving average of $46.81 and a 200 day moving average of $38.37. ASMPT has a 52 week low of $19.68 and a 52 week high of $67.31.

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.