Amtech Systems (NASDAQ:ASYS) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.94 and traded as high as $12.00. Amtech Systems shares last traded at $11.48, with a volume of 152,077 shares changing hands.

Wall Street Analysts Forecast Growth

ASYS has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research 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. Zacks Research lowered shares of Amtech Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. 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 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 has a consensus rating of “Sell”.

Amtech Systems Price Performance

The stock has a market capitalization of $165.43 million, a PE ratio of -5.36 and a beta of 1.67. The business has a 50 day moving average price of $13.54 and a 200 day moving average price of $10.94.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly 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 company had revenue of $18.97 million for the quarter, compared to the consensus estimate of $19.25 million. Amtech Systems had a negative net margin of 41.28% and a negative return on equity of 1.53%. On average, equities analysts expect that Amtech Systems, Inc. will post 0.05 earnings per share for the current year.

Institutional Trading of Amtech Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in shares of Amtech Systems by 235.0% in the fourth quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock worth $4,425,000 after buying an additional 247,352 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Amtech Systems during the third quarter valued at approximately $1,689,000. Jane Street Group LLC raised its holdings in Amtech Systems by 85.7% in the 4th quarter. Jane Street Group LLC now owns 325,754 shares of the semiconductor company’s stock worth $4,088,000 after acquiring an additional 150,332 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Amtech Systems by 622.1% in the 4th quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock worth $1,840,000 after acquiring an additional 126,296 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Amtech Systems in the 4th quarter valued at approximately $1,122,000. 50.21% of the stock is currently owned by institutional investors.

About Amtech Systems

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.