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

ASM International NV (OTCMKTS:ASMIY) gapped down before the market opened on Friday . The stock had previously closed at $781.98, but opened at $745.64. ASM International shares last traded at $744.2450, with a volume of 789 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ASMIY shares. Zacks Research raised shares of ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Jefferies Financial Group cut shares of ASM International from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Barclays restated an “overweight” rating on shares of ASM International in a research note on Monday, January 26th. Citigroup reaffirmed a “buy” rating on shares of ASM International in a research report on Tuesday, January 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASM International in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ASM International Stock Down 4.7%

The stock has a market capitalization of $36.59 billion, a P/E ratio of 43.56 and a beta of 1.91. The business’s 50 day simple moving average is $818.59 and its two-hundred day simple moving average is $686.82.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, March 3rd. The company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.37 by $0.65. ASM International had a net margin of 23.51% and a return on equity of 19.77%. The company had revenue of $808.18 million during the quarter, compared to the consensus estimate of $815.67 million. Analysts predict that ASM International NV will post 14.46 earnings per share for the current year.

ASM International Company Profile

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.