Amtech Systems (NASDAQ:ASYS) Share Price Passes Above 200-Day Moving Average – Here’s Why

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.75 and traded as high as $11.32. Amtech Systems shares last traded at $11.06, with a volume of 181,789 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Amtech Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Amtech Systems Stock Down 2.2%

The business has a 50-day moving average of $13.83 and a 200-day moving average of $10.75. The stock has a market cap of $159.37 million, a price-to-earnings ratio of -5.17 and a beta of 1.67.

Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $18.97 million during the quarter, compared to analyst estimates of $19.25 million. Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%. Equities analysts anticipate that Amtech Systems, Inc. will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Amtech Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in Amtech Systems in the fourth quarter worth approximately $370,000. XTX Topco Ltd raised its holdings in shares of Amtech Systems by 568.1% during the 4th quarter. XTX Topco Ltd now owns 69,381 shares of the semiconductor company’s stock valued at $871,000 after purchasing an additional 58,996 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Amtech Systems during the 4th quarter valued at $383,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Amtech Systems in the 4th quarter valued at $267,000. Finally, Millennium Management LLC lifted its stake in shares of Amtech Systems by 90.4% in the 4th quarter. Millennium Management LLC now owns 22,748 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 10,802 shares during the last quarter. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.