Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above Two Hundred Day Moving Average of $5.05

Amtech Systems, Inc. (NASDAQ:ASYSGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.05 and traded as high as $6.31. Amtech Systems shares last traded at $6.28, with a volume of 22,321 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Amtech Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 12th.

View Our Latest Research Report on Amtech Systems

Amtech Systems Stock Down 0.3 %

The stock has a market capitalization of $89.24 million, a P/E ratio of -4.16 and a beta of 1.46. The firm’s 50-day simple moving average is $5.22 and its 200 day simple moving average is $5.05.

Amtech Systems (NASDAQ:ASYSGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.12. Amtech Systems had a negative net margin of 19.70% and a negative return on equity of 4.54%. The company had revenue of $25.43 million for the quarter, compared to analysts’ expectations of $23.00 million. As a group, equities analysts anticipate that Amtech Systems, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brandywine Global Investment Management LLC boosted its stake in shares of Amtech Systems by 2.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 126,838 shares of the semiconductor company’s stock worth $967,000 after acquiring an additional 2,500 shares in the last quarter. Barclays PLC purchased a new stake in shares of Amtech Systems during the third quarter valued at $48,000. First Eagle Investment Management LLC boosted its position in shares of Amtech Systems by 1.3% in the 4th quarter. First Eagle Investment Management LLC now owns 581,955 shares of the semiconductor company’s stock valued at $2,444,000 after purchasing an additional 7,609 shares during the period. Janney Montgomery Scott LLC increased its stake in Amtech Systems by 48.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,700 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Amtech Systems during the 4th quarter worth about $39,000. Institutional investors own 50.21% of the company’s stock.

About Amtech Systems

(Get Free Report)

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.

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