ASM International (OTCMKTS:ASMIY) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

ASM International NV (OTCMKTS:ASMIY)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $974.83 and traded as low as $953.92. ASM International shares last traded at $959.51, with a volume of 5,208 shares.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Barclays restated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Finally, Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The company has a market cap of $46.90 billion, a PE ratio of 37.63 and a beta of 1.99. The stock has a 50 day moving average of $974.83 and a 200-day moving average of $960.45.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and manufactures wafer-processing systems used in the production of advanced integrated circuits. Its equipment is installed in semiconductor fabrication facilities operated by chip manufacturers around the world.

The company’s product portfolio focuses on deposition technologies, including atomic layer deposition (ALD), epitaxy, chemical vapor deposition (CVD) and related processes. These systems help manufacturers deposit extremely thin and precisely controlled layers of materials onto silicon wafers for applications such as logic, memory and other advanced semiconductor devices.

Founded in 1968 by Arthur del Prado, ASM International has played a significant role in the development and commercialization of wafer-processing technologies, particularly ALD.