ASMPT (OTCMKTS:ASMVY) Trading Down 15.1% – What’s Next?

ASMPT Limited (OTCMKTS:ASMVY) shares were down 15.1% on Friday . The company traded as low as $61.00 and last traded at $61.00. Approximately 450 shares changed hands during trading, a decline of 99% from the average daily volume of 31,703 shares. The stock had previously closed at $71.85.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

ASMPT Price Performance

The business’s 50-day moving average price is $73.01 and its two-hundred day moving average price is $53.36.

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.