ASM International (OTCMKTS:ASMIY) Shares Cross Below 50-Day Moving Average – Should You Sell?

ASM International NV (OTCMKTS:ASMIY) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ASMIY. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Zacks Research upgraded ASM International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Finally, Barclays reiterated an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, ASM International presently has a consensus rating of “Moderate Buy”.

ASM International Stock Performance

The stock’s 50-day moving average is $1,037.79 and its 200 day moving average is $946.86. The stock has a market capitalization of $46.97 billion, a PE 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.