ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Should You Buy?

ASMPT Limited (OTCMKTS:ASMVYGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $60.31, but opened at $63.6660. ASMPT shares last traded at $63.6660, with a volume of 188 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded ASMPT from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Check Out Our Latest Stock Report on ASMVY

ASMPT Price Performance

The company’s 50 day simple moving average is $68.46 and its 200 day simple moving average is $58.34.

About ASMPT

(Get Free Report)

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.

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