ASM International (OTCMKTS:ASMIY) Cut to Strong Sell at Jefferies Financial Group

Jefferies Financial Group cut shares of ASM International (OTCMKTS:ASMIY) from a moderate sell rating to a strong sell rating in a research note published on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Barclays reiterated an “overweight” rating on shares of ASM International in a research note on Monday, January 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASM International in a research note on Friday, January 16th. Citigroup reissued a “buy” rating on shares of ASM International in a research note on Tuesday, January 20th. BNP Paribas Exane upgraded ASM International to an “outperform” rating in a report on Monday, February 2nd. Finally, Rothschild & Co Redburn lowered shares of ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

ASM International Trading Up 1.2%

Shares of ASM International stock opened at $838.00 on Wednesday. The stock’s fifty day moving average price is $743.07 and its 200-day moving average price is $629.17. The firm has a market cap of $41.14 billion, a P/E ratio of 46.38 and a beta of 1.91. ASM International has a 12 month low of $372.61 and a 12 month high of $875.64.

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.