ASM International (OTCMKTS:ASMIY) Share Price Crosses Below Fifty Day Moving Average - Time to Sell?

ASM International NV (OTCMKTS:ASMIY - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $568.87 and traded as low as $486.34. ASM International shares last traded at $491.71, with a volume of 4,310 shares traded.

Wall Street Analysts Forecast Growth

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

ASM International Stock Down 2.6 %

The company's 50 day moving average is $561.80 and its two-hundred day moving average is $576.23. The company has a market capitalization of $23.70 billion, a PE ratio of 39.93 and a beta of 1.67.

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