ASM International (OTCMKTS:ASMIY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

ASM International NV (OTCMKTS:ASMIY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1,037.79 and traded as low as $950.00. ASM International shares last traded at $960.92, with a volume of 6,020 shares trading hands.

Wall Street Analysts Forecast Growth

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

ASM International Stock Performance

The business has a 50-day simple moving average of $1,037.79 and a two-hundred day simple moving average of $946.86. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 37.68 and a beta of 2.00.

ASM International Company Profile

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.