ASMPT (OTCMKTS:ASMVY) Upgraded to “Strong-Buy” at Zacks Research

ASMPT (OTCMKTS:ASMVY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

ASMPT Trading Down 2.3%

Shares of OTCMKTS ASMVY opened at $64.84 on Thursday. ASMPT has a one year low of $19.68 and a one year high of $67.31. The firm’s 50 day simple moving average is $46.81 and its two-hundred day simple moving average is $38.37.

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.