ASM International (OTCMKTS:ASMIY) Shares Gap Down – What’s Next?

ASM International NV (OTCMKTS:ASMIY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $643.69, but opened at $619.31. ASM International shares last traded at $617.3620, with a volume of 272 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on ASMIY shares. Rothschild Redb downgraded ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASM International in a report on Wednesday, September 24th. Citigroup reissued a “buy” rating on shares of ASM International in a report on Tuesday, October 7th. Finally, Zacks Research upgraded shares of ASM International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, ASM International has an average rating of “Buy”.

ASM International Stock Down 6.2%

The firm has a 50-day simple moving average of $611.02 and a 200 day simple moving average of $572.62. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 33.41 and a beta of 1.90.

ASM International (OTCMKTS:ASMIY) last announced its earnings results on Tuesday, October 28th. The company reported $4.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. ASM International had a net margin of 24.50% and a return on equity of 21.55%. The business had revenue of $932.68 million for the quarter, compared to analyst estimates of $814.93 million. As a group, research analysts expect that ASM International NV will post 14.46 EPS for the current year.

About ASM International

ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia. The company’s products include wafer processing deposition systems for atomic layer deposition (ALD), epitaxy, silicon carbide, plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems, including low pressure chemical vapor deposition (LPCVD), diffusion, and oxidation products, as well as provides spare parts and support services.