ASM International (OTCMKTS:ASMIY) Shares Cross Below Fifty Day Moving Average of $657.52

ASM International NV (OTCMKTS:ASMIY)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $657.52 and traded as low as $619.68. ASM International shares last traded at $631.33, with a volume of 3,316 shares changing hands.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of ASM International from an “equal weight” rating to an “overweight” rating in a research report on Thursday, June 20th.

ASM International Trading Down 4.1 %

The business has a fifty day moving average of $657.52 and a 200-day moving average of $671.47. The company has a market cap of $31.14 billion, a PE ratio of 52.88 and a beta of 1.65.

ASM International (OTCMKTS:ASMIY) last posted its earnings results on Tuesday, July 23rd. The company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.59). The business had revenue of $760.07 million for the quarter. ASM International had a net margin of 21.26% and a return on equity of 17.74%. As a group, research analysts predict that ASM International NV will post 16.41 EPS for the current year.

About ASM International

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.