ASMPT (OTCMKTS:ASMVY) Raised to Strong-Buy at Zacks Research

ASMPT (OTCMKTS:ASMVY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

ASMPT Stock Up 6.9%

OTCMKTS:ASMVY opened at $61.66 on Monday. ASMPT has a twelve month low of $25.17 and a twelve month high of $93.58. The business has a 50 day moving average price of $70.78 and a two-hundred day moving average price of $55.75.

About ASMPT

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.