ASM International (OTCMKTS:ASMIY) Stock Price Down 6.4% – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY)’s share price dropped 6.4% during mid-day trading on Monday . The company traded as low as $600.05 and last traded at $602.55. Approximately 256 shares were traded during trading, a decline of 97% from the average daily volume of 8,601 shares. The stock had previously closed at $643.69.

Wall Street Analyst Weigh In

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

ASM International Stock Down 0.1%

The company’s 50 day simple moving average is $611.02 and its 200-day simple moving average is $572.80. The firm has a market cap of $29.61 billion, a P/E ratio of 33.39 and a beta of 1.91.

ASM International (OTCMKTS:ASMIY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $4.90 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $814.93 million. Equities research analysts predict that ASM International NV will post 14.46 EPS for the current year.

ASM International Company Profile

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.