Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.95 and traded as high as $7.41. Amtech Systems shares last traded at $7.10, with a volume of 123,016 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ASYS shares. Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Amtech Systems Stock Performance

The firm has a market cap of $101.63 million, a P/E ratio of -3.17 and a beta of 1.68. The stock’s 50 day simple moving average is $8.45 and its 200 day simple moving average is $5.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Williams & Novak LLC grew its holdings in Amtech Systems by 24.8% during the second quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock worth $82,000 after buying an additional 3,650 shares in the last quarter. XTX Topco Ltd bought a new position in Amtech Systems during the 2nd quarter valued at $105,000. Millennium Management LLC purchased a new position in Amtech Systems during the 3rd quarter worth $111,000. Thompson Davis & CO. Inc. bought a new stake in shares of Amtech Systems in the 3rd quarter worth $123,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Amtech Systems in the third quarter valued at about $135,000. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.