ASM International (OTCMKTS:ASMIY) Sets New 1-Year Low - Here's Why

Shares of ASM International NV (OTCMKTS:ASMIY - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $490.76 and last traded at $504.37, with a volume of 8060 shares changing hands. The stock had previously closed at $517.25.

Analysts Set New Price Targets

Separately, BNP Paribas initiated coverage on ASM International in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $561.00 target price for the company.

ASM International Price Performance

The company has a market capitalization of $24.45 billion, a PE ratio of 41.20 and a beta of 1.67. The company's fifty day moving average is $583.21 and its 200-day moving average is $589.11.

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