ASM International (OTCMKTS:ASMIY) Shares Gap Down – What’s Next?

ASM International NV (OTCMKTS:ASMIYGet Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $924.25, but opened at $895.2464. ASM International shares last traded at $898.33, with a volume of 908 shares traded.

Wall Street Analyst Weigh In

ASMIY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Thursday, July 30th. Barclays reissued an “overweight” rating on shares of ASM International in a report on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a report on Friday, July 17th. Finally, Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on ASMIY

ASM International Price Performance

The stock has a market capitalization of $46.88 billion, a price-to-earnings ratio of 37.61 and a beta of 1.99. The stock has a 50 day moving average price of $988.62 and a 200-day moving average price of $955.86.

About ASM International

(Get Free Report)

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.

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