ASM International (OTCMKTS:ASMIY) Shares Gap Down – Time to Sell?

ASM International NV (OTCMKTS:ASMIY) shares gapped down before the market opened on Thursday . The stock had previously closed at $924.25, but opened at $895.2464. ASM International shares last traded at $898.33, with a volume of 908 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on ASMIY. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a research note on Thursday, July 30th. Barclays restated an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The company has a market cap of $44.03 billion, a PE ratio of 35.32 and a beta of 1.99. The stock has a 50 day moving average of $996.05 and a 200-day moving average of $955.33.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.