ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Still a Buy?

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $75.72, but opened at $91.65. ASMPT shares last traded at $91.94, with a volume of 832 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

ASMPT Price Performance

The company has a 50 day moving average price of $69.31 and a 200 day moving average price of $49.10.

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.