Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.54 and traded as high as $6.68. Amtech Systems shares last traded at $6.42, with a volume of 232,620 shares trading hands.

Analyst Ratings Changes

ASYS has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday. Zacks Research raised shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Amtech Systems Stock Up 0.2%

The stock has a market cap of $91.87 million, a P/E ratio of -2.87 and a beta of 1.61. The firm has a 50 day simple moving average of $5.08 and a 200-day simple moving average of $4.54.

Institutional Investors Weigh In On Amtech Systems

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in shares of Amtech Systems during the fourth quarter worth approximately $71,000. Williams & Novak LLC lifted its holdings in Amtech Systems by 24.8% during the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 3,650 shares during the last quarter. Millennium Management LLC boosted its stake in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 10,281 shares during the period. XTX Topco Ltd acquired a new position in Amtech Systems in the 2nd quarter valued at $105,000. Finally, Goldman Sachs Group Inc. increased its position in Amtech Systems by 135.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after buying an additional 17,297 shares during the period. 50.21% of the stock is currently owned by institutional investors and hedge funds.

About Amtech Systems

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.