ASM International (OTCMKTS:ASMIY) Sets New 12-Month Low - Here's What Happened

ASM International NV (OTCMKTS:ASMIY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $446.01 and last traded at $456.59, with a volume of 5650 shares trading hands. The stock had previously closed at $498.13.

Analysts Set New Price Targets

Separately, BNP Paribas began coverage on shares of ASM International in a research note on Tuesday, December 3rd. They set a "neutral" rating and a $561.00 price objective for the company.

ASM International Trading Up 3.1 %

The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 38.93 and a beta of 1.67. The company has a fifty day moving average price of $578.77 and a 200-day moving average price of $584.89.

ASM International (OTCMKTS:ASMIY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $5.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.14 by $0.87. The company had revenue of $863.04 million during the quarter, compared to the consensus estimate of $865.31 million. ASM International had a return on equity of 17.10% and a net margin of 19.98%. As a group, research analysts forecast that ASM International NV will post 14.46 earnings per share for the current fiscal 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.