ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Time to Sell?

ASMPT Limited (OTCMKTS:ASMVY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $64.74, but opened at $61.2850. ASMPT shares last traded at $61.2850, with a volume of 298 shares.

Analyst Ratings Changes

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

ASMPT Trading Down 1.9%

The stock has a fifty day moving average price of $72.65 and a two-hundred day moving average price of $54.52.

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.