ASM International (OTCMKTS:ASMIY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

ASM International NV (OTCMKTS:ASMIY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Wall Street Analyst Weigh In

Separately, BNP Paribas assumed coverage on ASM International in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $561.00 price objective on the stock.

ASM International Stock Down 1.7 %

The company’s 50-day moving average is $584.31 and its 200-day moving average is $600.92. The stock has a market capitalization of $27.67 billion, a price-to-earnings ratio of 46.61 and a beta of 1.60.

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.