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

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.41 and traded as high as $8.94. Amtech Systems shares last traded at $8.74, with a volume of 80,815 shares.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASYS. Wall Street Zen raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Zacks Research cut Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Benchmark reissued a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Amtech Systems Stock Down 1.9%

The firm has a fifty day moving average of $8.11 and a 200-day moving average of $6.41. The stock has a market capitalization of $125.07 million, a price-to-earnings ratio of -3.90 and a beta of 1.70.

Institutional Investors Weigh In On Amtech Systems

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Amtech Systems by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after acquiring an additional 17,099 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Amtech Systems in the third quarter valued at approximately $1,689,000. Citadel Advisors LLC grew its position in shares of Amtech Systems by 39.6% in the third quarter. Citadel Advisors LLC now owns 78,454 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 22,260 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Amtech Systems by 90.8% during the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Amtech Systems during the 3rd quarter worth approximately $350,000. 50.21% of the stock is 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.