ASMPT (OTCMKTS:ASMVY) Shares Gap Up – Here’s Why

ASMPT Limited (OTCMKTS:ASMVY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $64.1125, but opened at $66.0650. ASMPT shares last traded at $66.0650, with a volume of 792 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised ASMPT from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, ASMPT currently has an average rating of “Strong Buy”.

ASMPT Stock Down 1.9%

The business’s fifty day simple moving average is $61.89 and its two-hundred day simple moving average is $61.62.

About ASMPT

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor and electronics manufacturing. The company serves semiconductor and electronics manufacturers throughout the production process, helping customers assemble, package, inspect and test increasingly complex electronic components.

Its semiconductor solutions include die bonding, wire bonding, molding, wafer processing and other equipment used in semiconductor assembly and advanced packaging.