ASM International (OTCMKTS:ASMIY) Downgraded to Strong Sell Rating by Jefferies Financial Group

ASM International (OTCMKTS:ASMIY) was downgraded by equities researchers at Jefferies Financial Group from a “moderate sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also weighed in on ASMIY. BNP Paribas Exane upgraded ASM International to an “outperform” rating in a research note on Monday, February 2nd. Rothschild & Co Redburn cut ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Citigroup reiterated a “buy” rating on shares of ASM International in a research note on Tuesday, January 20th. Barclays reaffirmed an “overweight” rating on shares of ASM International in a report on Monday, January 26th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ASM International Price Performance

Shares of ASMIY stock opened at $828.04 on Wednesday. ASM International has a one year low of $372.61 and a one year high of $875.64. The stock has a fifty day moving average price of $738.39 and a 200 day moving average price of $626.72. The stock has a market cap of $40.65 billion, a P/E ratio of 45.82 and a beta of 1.91.

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.