ASM International (OTCMKTS:ASMIY) Reaches New 12-Month Low – Here’s What Happened

Shares of ASM International NV (OTCMKTS:ASMIY) hit a new 52-week low during trading on Monday . The company traded as low as $446.01 and last traded at $456.59, with a volume of 5650 shares. The stock had previously closed at $498.13.

Analyst Upgrades and Downgrades

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

ASM International Price Performance

The firm has a 50-day simple moving average of $583.21 and a 200 day simple moving average of $587.79. The firm has a market cap of $22.41 billion, a PE ratio of 37.77 and a beta of 1.67.

ASM International (OTCMKTS:ASMIY) last released its earnings results on Tuesday, February 25th. The company reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.87. The firm had revenue of $863.04 million during the quarter, compared to analyst estimates of $865.31 million. ASM International had a net margin of 19.98% and a return on equity of 17.10%. Sell-side 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.