ASM International (OTCMKTS:ASMIY) Stock Price Passes Below 50 Day Moving Average of $657.52

Shares of ASM International NV (OTCMKTS:ASMIY) 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.

Wall Street Analyst Weigh In

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

ASM International Stock Down 4.1 %

The firm has a market capitalization of $31.14 billion, a P/E ratio of 52.88 and a beta of 1.65. The business’s 50-day simple moving average is $657.52 and its 200 day simple moving average is $671.47.

ASM International (OTCMKTS:ASMIY) last issued its 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). The business had revenue of $760.07 million during the quarter. ASM International had a return on equity of 17.74% and a net margin of 21.26%. Sell-side analysts predict that ASM International NV will post 16.41 earnings per share for the current 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.