ASM International (OTCMKTS:ASMIY) Sees Strong Trading Volume – What’s Next?

ASM International NV (OTCMKTS:ASMIY) saw an uptick in trading volume on Monday . 22,746 shares changed hands during trading, an increase of 108% from the previous session’s volume of 10,936 shares.The stock last traded at $906.55 and had previously closed at $921.93.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ASMIY shares. Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a research report on Friday, July 17th. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Citigroup restated a “buy” rating on shares of ASM International in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASM International in a research note on Thursday. Finally, Barclays reaffirmed an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ASM International Stock Down 1.2%

The firm has a market cap of $44.53 billion, a PE ratio of 35.72 and a beta of 1.99. The business has a 50 day simple moving average of $1,053.62 and a two-hundred day simple moving average of $930.24.

About ASM International

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.