Shares of ASMPT Limited (OTCMKTS:ASMVY – Get Free Report) shot up 9.9% during trading on Wednesday . The stock traded as high as $92.19 and last traded at $92.19. Approximately 1,069 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 33,459 shares. The stock had previously closed at $83.89.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on ASMPT
ASMPT Trading Down 0.8%
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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