ASM International (OTCMKTS:ASMIY) Rating Lowered to “Strong Sell” at Jefferies Financial Group

ASM International (OTCMKTS:ASMIY) was downgraded by analysts at Jefferies Financial Group from a “moderate sell” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

ASMIY has been the subject of several other reports. Rothschild & Co Redburn cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Morgan Stanley restated an “overweight” rating on shares of ASM International in a report on Friday, January 16th. BNP Paribas Exane upgraded ASM International to an “outperform” rating in a report on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of ASM International in a research note on Monday, January 26th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASM International in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

ASM International Stock Performance

Shares of OTCMKTS:ASMIY opened at $828.04 on Wednesday. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of 45.82 and a beta of 1.91. ASM International has a 1-year low of $372.61 and a 1-year high of $875.64. The company has a 50 day moving average price of $738.39 and a 200 day moving average price of $626.72.

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.