Zacks Research cut shares of ASMPT (OTCMKTS:ASMVY – Free Report) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.
ASMPT Stock Performance
Shares of ASMVY stock opened at $74.58 on Monday. The company’s 50-day simple moving average is $66.90 and its two-hundred day simple moving average is $47.74. ASMPT has a one year low of $21.09 and a one year high of $81.53.
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.
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