ASM International (OTCMKTS:ASMIY) Shares Gap Down – What’s Next?

ASM International NV (OTCMKTS:ASMIY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $1,093.00, but opened at $1,011.47. ASM International shares last traded at $1,029.16, with a volume of 689 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASMIY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a research note on Thursday, April 23rd. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Zacks Research lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Citigroup restated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ASM International currently has an average rating of “Moderate Buy”.

ASM International Stock Down 1.2%

The stock has a market capitalization of $49.84 billion, a price-to-earnings ratio of 43.54 and a beta of 1.99. The business’s 50 day simple moving average is $1,063.35 and its 200-day simple moving average is $887.86.

ASM International (OTCMKTS:ASMIY) last issued its earnings results on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, beating the consensus estimate of $4.58 by $1.29. ASM International had a net margin of 31.07% and a return on equity of 20.41%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $944.69 million. On average, analysts expect that ASM International NV will post 26.75 earnings per share for the current year.

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.