ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Time to Sell?

ASMPT Limited (OTCMKTS:ASMVY) shares gapped down prior to trading on Thursday. The stock had previously closed at $69.93, but opened at $63.05. ASMPT shares last traded at $63.05, with a volume of 220 shares traded.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, ASMPT presently has an average rating of “Hold”.

ASMPT Stock Performance

The stock has a 50-day moving average price of $62.94 and a two-hundred day moving average price of $63.24.

ASMPT Company Profile

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor manufacturing and electronics assembly. The company serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics manufacturers across major production markets worldwide.

ASMPT operates through two principal business areas: Semiconductor Solutions and SMT Solutions. Its semiconductor equipment portfolio includes systems for die bonding, wire bonding, flip-chip packaging, molding, singulation and other advanced packaging and assembly processes.