ASMPT (OTCMKTS:ASMVY) Trading Up 6.6% – What’s Next?

Shares of ASMPT Limited (OTCMKTS:ASMVY) were up 6.6% during mid-day trading on Friday . The stock traded as high as $44.00 and last traded at $44.00. Approximately 173,554 shares were traded during trading, an increase of 331% from the average daily volume of 40,301 shares. The stock had previously closed at $41.29.

Analyst Ratings Changes

Separately, Zacks Research upgraded ASMPT to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ASMPT currently has a consensus rating of “Hold”.

ASMPT Stock Up 3.2%

The stock has a 50 day simple moving average of $40.57 and a two-hundred day simple moving average of $35.34.

ASMPT Company Profile

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.