ASM International (OTCMKTS:ASMIY) Shares Gap Down – Here’s Why

ASM International NV (OTCMKTS:ASMIY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $873.33, but opened at $831.35. ASM International shares last traded at $830.36, with a volume of 1,924 shares.

Analysts Set New Price Targets

ASMIY has been the topic of a number of recent research reports. Rothschild & Co Redburn lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. BNP Paribas Exane upgraded ASM International to an “outperform” rating in a report on Monday, February 2nd. Jefferies Financial Group lowered ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of ASM International in a research note on Tuesday, January 20th. Finally, Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ASM International Stock Down 1.0%

The stock has a 50-day simple moving average of $787.18 and a 200 day simple moving average of $651.56. The company has a market cap of $40.89 billion, a PE ratio of 48.69 and a beta of 1.91.

About ASM International

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.