ASM International (OTCMKTS:ASMIY) Shares Gap Down – Time to Sell?

ASM International NV (OTCMKTS:ASMIY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $975.19, but opened at $912.92. ASM International shares last traded at $921.9628, with a volume of 382 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Zacks Research cut shares of ASM International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

ASM International Stock Down 4.7%

The business has a fifty day moving average of $968.69 and a 200 day moving average of $988.25. The firm has a market cap of $42.11 billion, a P/E ratio of 41.65 and a beta of 2.03.

About ASM International

ASM International N.V. is a Netherlands-based semiconductor equipment company that develops and supplies wafer-processing technologies used in the manufacture of integrated circuits. Its systems are designed to help semiconductor manufacturers deposit and control thin layers of materials on silicon wafers during the production of advanced logic, memory and other semiconductor devices.

The company is particularly known for its atomic layer deposition (ALD) equipment, which enables highly precise deposition of extremely thin films.