ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $72.95, but opened at $67.2050. ASMPT shares last traded at $67.84, with a volume of 2,042 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research cut ASMPT from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

ASMPT Trading Down 6.1%

The stock has a 50-day moving average of $73.04 and a 200 day moving average of $53.04.

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.