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

ASMPT Limited (OTCMKTS:ASMVYGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $62.0650, but opened at $58.28. ASMPT shares last traded at $58.28, with a volume of 275 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, ASMPT presently has an average rating of “Strong Buy”.

Get Our Latest Research Report on ASMPT

ASMPT Stock Performance

The business’s 50-day simple moving average is $62.85 and its two-hundred day simple moving average is $60.69.

ASMPT Company Profile

(Get Free Report)

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves semiconductor and electronics manufacturers throughout the production process, helping customers assemble, package, inspect and test increasingly complex electronic components.

Its semiconductor solutions include die bonding, wire bonding, molding, wafer processing and other equipment used in semiconductor assembly and advanced packaging.

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