ASMPT (OTCMKTS:ASMVY) Shares Down 12% – Here’s What Happened

ASMPT Limited (OTCMKTS:ASMVY – Get Free Report) was down 12% during trading on Thursday. The company traded as low as $53.00 and last traded at $53.00. Approximately 298 shares were traded during trading, a decline of 99% from the average session volume of 23,983 shares. The stock had previously closed at $60.26.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of ASMPT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, ASMPT currently has a consensus rating of “Hold”.

Get Our Latest Analysis on ASMVY

ASMPT Trading Down 5.0%

The business has a 50 day simple moving average of $62.83 and a two-hundred day simple moving average of $63.79.

About ASMPT

(Get Free Report)

ASMPT Limited, formerly known as ASM Pacific Technology, is a global supplier of equipment and solutions used in semiconductor manufacturing and electronics assembly. The company serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics manufacturers across major production markets worldwide.

ASMPT operates through two principal business areas: Semiconductor Solutions and SMT Solutions. Its semiconductor equipment portfolio includes systems for die bonding, wire bonding, flip-chip packaging, molding, singulation and other advanced packaging and assembly processes.

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