ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Should You Sell?

ASMPT Limited (OTCMKTS:ASMVY) gapped down before the market opened on Friday . The stock had previously closed at $71.06, but opened at $66.05. ASMPT shares last traded at $66.9360, with a volume of 4,171 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, ASMPT currently has an average rating of “Strong Buy”.

ASMPT Stock Down 6.0%

The stock has a fifty day simple moving average of $58.22 and a two-hundred day simple moving average of $43.64.

About ASMPT

ASM Pacific Technology Limited (OTCMKTS:ASMVY) is a Hong Kong–based provider of semiconductor and electronic assembly equipment. The company specializes in designing and manufacturing surface-mount technology (SMT) placement machines, flip-chip bonders and systems for wafer-level packaging. Its solutions are used by electronics manufacturers, semiconductor foundries and outsourced assembly and test (OSAT) providers worldwide.

ASMPT’s product portfolio encompasses high-speed pick-and-place machines, thermal equipment for reflow and curing processes, and advanced deposition tools for etch, physical vapor deposition (PVD), plasma-enhanced chemical vapor deposition (PECVD) and atomic layer deposition (ALD) applications.