ASM International (OTCMKTS:ASMIY) Shares Pass Below 50 Day Moving Average – Here’s Why

ASM International NV (OTCMKTS:ASMIY)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $582.90 and traded as low as $570.66. ASM International shares last traded at $573.05, with a volume of 2,484 shares changing hands.

Analyst Ratings Changes

Separately, BNP Paribas started coverage on ASM International in a report on Tuesday, December 3rd. They set a “neutral” rating and a $561.00 price objective for the company.

ASM International Trading Down 0.3 %

The business has a fifty day moving average of $582.90 and a 200-day moving average of $602.28. The firm has a market cap of $28.13 billion, a PE ratio of 47.40 and a beta of 1.60.

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.