ASM International (OTCMKTS:ASMIY) Shares Gap Down – Should You Sell?

ASM International NV (OTCMKTS:ASMIY) gapped down before the market opened on Wednesday. The stock had previously closed at $1,064.1899, but opened at $992.02. ASM International shares last traded at $1,001.25, with a volume of 74 shares.

Analyst Ratings Changes

ASMIY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Barclays restated an “overweight” rating on shares of ASM International in a research note on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, July 17th. Finally, Zacks Research lowered ASM International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

ASM International Stock Down 5.4%

The stock has a market capitalization of $49.23 billion, a P/E ratio of 39.50 and a beta of 2.03. The business’s 50 day simple moving average is $963.56 and its two-hundred day simple moving average is $979.48.

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.