Shares of ASMPT Limited (OTCMKTS:ASMVY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $66.62, but opened at $71.12. ASMPT shares last traded at $69.50, with a volume of 1,410 shares.
Analysts Set New Price Targets
Separately, Zacks Research upgraded ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, ASMPT currently has a consensus rating of “Strong Buy”.
View Our Latest Stock Report on ASMVY
ASMPT Stock Performance
About ASMPT
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.
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