ASM International (OTCMKTS:ASMIY) Shares Gap Down – Time to Sell?

ASM International NV (OTCMKTS:ASMIY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $1,147.11, but opened at $1,079.6801. ASM International shares last traded at $1,086.78, with a volume of 85 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on ASMIY. Barclays reissued an “overweight” rating on shares of ASM International in a research report on Thursday, June 11th. Zacks Research raised ASM International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. Finally, Citigroup reissued a “buy” rating on shares of ASM International in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ASM International Price Performance

The business’s 50 day moving average price is $1,041.12 and its 200-day moving average price is $861.63. The company has a market cap of $52.91 billion, a P/E ratio of 46.22 and a beta of 2.01.

ASM International (OTCMKTS:ASMIY) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $4.58 by $1.29. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $944.69 million. ASM International had a return on equity of 20.41% and a net margin of 31.07%. As a group, research analysts forecast that ASM International NV will post 25.75 EPS for the current year.

ASM International Company Profile

ASM International (OTCMKTS: ASMIY) is a Netherlands-based supplier of wafer processing equipment for the global semiconductor industry. The company develops and manufactures systems used in the deposition and formation of thin films on semiconductor wafers, with a strong reputation for atomic layer deposition (ALD) technology. Its equipment is used in the production of advanced logic, memory, power devices and related semiconductor components where precise control of film thickness and composition is critical.

ASM’s product portfolio centers on deposition and epitaxy platforms that support a range of process chemistries and materials, including ALD and other chemical vapor deposition techniques.