ASMPT (OTCMKTS:ASMVY) Hits New 1-Year High – Time to Buy?

Shares of ASMPT Limited (OTCMKTS:ASMVY) hit a new 52-week high on Monday . The company traded as high as $44.95 and last traded at $44.95, with a volume of 178715 shares changing hands. The stock had previously closed at $42.36.

Analysts Set New Price Targets

Separately, Zacks Research raised ASMPT to a “hold” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

ASMPT Trading Up 6.2%

The company has a 50-day moving average of $40.88 and a 200-day moving average of $35.59.

About ASMPT

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.