Amtech Systems (NASDAQ:ASYS) Stock Crosses Above 200-Day Moving Average of $5.72

Amtech Systems, Inc. (NASDAQ:ASYS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.72 and traded as high as $5.26. Amtech Systems shares last traded at $5.26, with a volume of 3,622 shares trading hands.

Separately, Zacks Investment Research cut Amtech Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.17.

The stock has a market cap of $75.19 million, a P/E ratio of 9.21 and a beta of 2.19. The company has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $5.72. The company has a current ratio of 3.34, a quick ratio of 2.76 and a debt-to-equity ratio of 0.06.



Amtech Systems (NASDAQ:ASYS) last released its earnings results on Thursday, August 8th. The semiconductor company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm had revenue of $21.00 million for the quarter, compared to analysts’ expectations of $19.69 million. Amtech Systems had a negative return on equity of 3.60% and a negative net margin of 14.93%. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, sell-side analysts expect that Amtech Systems, Inc. will post 0.16 earnings per share for the current year.

In other news, Director Robert M. Averick bought 20,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $5.27 per share, for a total transaction of $105,400.00. Following the purchase, the director now owns 150,659 shares of the company’s stock, valued at approximately $793,972.93. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 22.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC raised its stake in shares of Amtech Systems by 2.0% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 729,514 shares of the semiconductor company’s stock worth $4,012,000 after purchasing an additional 14,366 shares in the last quarter. BlackRock Inc. raised its stake in shares of Amtech Systems by 8.0% during the 2nd quarter. BlackRock Inc. now owns 136,648 shares of the semiconductor company’s stock worth $752,000 after purchasing an additional 10,122 shares in the last quarter. Bailard Inc. bought a new stake in shares of Amtech Systems during the 2nd quarter worth approximately $149,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Amtech Systems during the 2nd quarter worth approximately $85,000. Finally, OLD Second National Bank of Aurora raised its stake in shares of Amtech Systems by 107.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 7,313 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 3,787 shares in the last quarter. Institutional investors own 56.77% of the company’s stock.

Amtech Systems Company Profile (NASDAQ:ASYS)

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.

Further Reading: Differences Between Momentum Investing and Long Term Investing

Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.