ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Time to Buy?

ASMPT Limited (OTCMKTS:ASMVY) gapped up before the market opened on Thursday . The stock had previously closed at $71.22, but opened at $76.03. ASMPT shares last traded at $76.00, with a volume of 1,044 shares trading hands.

Analyst Upgrades and Downgrades

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

ASMPT Trading Up 6.2%

The business has a fifty day moving average of $72.18 and a 200 day moving average of $51.53.

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.