ASM International (OTCMKTS:ASMIY) Upgraded by Citigroup to “Strong-Buy”

Citigroup upgraded shares of ASM International (OTCMKTS:ASMIY) to a strong-buy rating in a report released on Wednesday, Zacks.com reports.

A number of other research analysts have also weighed in on the company. Morgan Stanley raised ASM International from an equal weight rating to an overweight rating in a report on Thursday, June 20th. Berenberg Bank raised shares of ASM International to a strong-buy rating in a report on Wednesday.

ASM International Price Performance

Shares of OTCMKTS ASMIY traded down $1.64 during trading on Wednesday, reaching $651.36. 3,336 shares of the stock traded hands, compared to its average volume of 5,030. The stock has a market capitalization of $32.13 billion, a P/E ratio of 54.55 and a beta of 1.64. ASM International has a 52-week low of $375.35 and a 52-week high of $813.23. The company has a 50-day moving average of $641.77 and a 200-day moving average of $673.35.

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

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.