ASM International (OTCMKTS:ASMIY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1,043.64 and traded as low as $986.12. ASM International shares last traded at $986.94, with a volume of 5,802 shares.

Wall Street Analyst Weigh In

ASMIY has been the topic of several research analyst reports. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Citigroup reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ASM International currently has a consensus rating of “Moderate Buy”.

ASM International Trading Up 1.5%

The firm has a market cap of $50.46 billion, a price-to-earnings ratio of 40.48 and a beta of 2.00. The company has a fifty day moving average price of $1,043.23 and a 200-day moving average price of $939.08.

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.