ASM International (OTCMKTS:ASMIY) Shares Cross Below 50-Day Moving Average - What's Next?

ASM International NV (OTCMKTS:ASMIY - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $636.80 and traded as low as $559.38. ASM International shares last traded at $563.52, with a volume of 16,315 shares traded.

Analyst Ratings Changes

Several brokerages have recently commented on ASMIY. Berenberg Bank upgraded ASM International to a "strong-buy" rating in a report on Wednesday, October 2nd. Citigroup raised shares of ASM International to a "strong-buy" rating in a research report on Wednesday, October 2nd.

ASM International Trading Up 1.8 %

The firm has a market cap of $27.80 billion, a P/E ratio of 47.20 and a beta of 1.64. The firm has a 50-day simple moving average of $636.80 and a 200-day simple moving average of $672.52.

ASM International (OTCMKTS:ASMIY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $3.58 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.59). The firm had revenue of $760.07 million for the quarter. ASM International had a return on equity of 17.74% and a net margin of 21.26%. Research analysts predict that ASM International NV will post 16.41 earnings per share 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.