ASM International (OTCMKTS:ASMIY) Shares Up 7.3% – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY) traded up 7.3% on Monday . The stock traded as high as $634.54 and last traded at $633.17. 451 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 8,644 shares. The stock had previously closed at $590.15.

Wall Street Analyst Weigh In

ASMIY has been the subject of a number of recent analyst reports. Rothschild Redb cut ASM International from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Citigroup restated a “buy” rating on shares of ASM International in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASM International in a report on Wednesday, September 24th. Finally, Zacks Research upgraded shares of ASM International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, ASM International currently has a consensus rating of “Buy”.

ASM International Stock Up 7.8%

The firm has a market capitalization of $31.83 billion, a PE ratio of 35.88 and a beta of 1.91. The company’s 50-day simple moving average is $609.40 and its 200 day simple moving average is $569.54.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.16. ASM International had a return on equity of 21.55% and a net margin of 24.50%.The firm had revenue of $932.68 million during the quarter, compared to analysts’ expectations of $814.93 million. On average, sell-side analysts forecast that ASM International NV will post 14.46 earnings per share for the current fiscal 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.