ASM International (OTCMKTS:ASMIY) Sets New 52-Week Low – Should You Sell?

ASM International NV (OTCMKTS:ASMIY) 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 traded. The stock had previously closed at $517.25.

Wall Street Analysts Forecast Growth

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

ASM International Trading Down 2.5 %

The firm’s fifty day moving average price is $590.84 and its 200-day moving average price is $592.71. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 41.72 and a beta of 1.60.

ASM International (OTCMKTS:ASMIY) last released its quarterly earnings results on Tuesday, February 25th. The company reported $5.01 EPS for the quarter, topping the consensus estimate of $4.14 by $0.87. The business had revenue of $863.04 million during the quarter, compared to analysts’ expectations of $865.31 million. ASM International had a return on equity of 17.10% and a net margin of 19.98%. On average, sell-side analysts expect that ASM International NV will post 14.46 earnings per share for the current 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.