ASMPT (OTCMKTS:ASMVY) Shares Up 9.9% – Here’s Why

Shares of ASMPT Limited (OTCMKTS:ASMVY) were up 9.9% during trading on Wednesday . The company traded as high as $92.19 and last traded at $92.19. Approximately 1,069 shares were traded during trading, a decline of 97% from the average session volume of 33,459 shares. The stock had previously closed at $83.89.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

ASMPT Stock Down 0.8%

The stock has a fifty day moving average price of $70.11 and a two-hundred day moving average price of $49.54.

ASMPT Company Profile

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.