ASMPT (OTCMKTS:ASMVY) Shares Gap Down – Here’s What Happened

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $93.40, but opened at $77.00. ASMPT shares last traded at $76.00, with a volume of 2,620 shares changing hands.

Wall Street Analysts Forecast Growth

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

ASMPT Stock Performance

The firm’s 50-day moving average price is $71.52 and its 200-day moving average price is $50.45.

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.