ASM International (OTCMKTS:ASMIY) Shares Gap Down – Should You Sell?

ASM International NV (OTCMKTS:ASMIY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $873.33, but opened at $831.35. ASM International shares last traded at $830.36, with a volume of 1,924 shares changing hands.

Analyst Upgrades and Downgrades

ASMIY has been the subject of several research analyst reports. BNP Paribas Exane raised shares of ASM International to an “outperform” rating in a report on Monday, February 2nd. Jefferies Financial Group lowered shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Rothschild & Co Redburn cut ASM International from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup reiterated a “buy” rating on shares of ASM International in a research report on Tuesday, January 20th. Finally, Barclays restated an “overweight” rating on shares of ASM International in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The stock has a market cap of $40.99 billion, a price-to-earnings ratio of 46.21 and a beta of 1.91. The business’s 50 day moving average is $777.90 and its 200 day moving average is $648.95.

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.