Amtech Systems (NASDAQ:ASYS) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.12 and traded as high as $13.00. Amtech Systems shares last traded at $12.27, with a volume of 253,347 shares.

Analyst Ratings Changes

ASYS has been the subject of a number of recent research reports. Zacks Research lowered shares of Amtech Systems from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Wall Street Zen downgraded shares of Amtech Systems from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Amtech Systems Trading Up 1.2%

The company has a market cap of $176.81 million, a P/E ratio of -5.73 and a beta of 1.64. The stock’s 50 day moving average is $12.96 and its 200-day moving average is $11.12.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Amtech Systems, Inc. will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Amtech Systems

Several hedge funds and other institutional investors have recently bought and sold shares of ASYS. Goldman Sachs Group Inc. lifted its stake 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 valued at $145,000 after acquiring an additional 17,297 shares during the period. Acadian Asset Management LLC lifted its stake in Amtech Systems by 90.8% during the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after acquiring an additional 20,264 shares during the period. XTX Topco Ltd bought a new position in Amtech Systems during the 2nd quarter valued at about $105,000. GWN Securities Inc. bought a new position in Amtech Systems during the 3rd quarter valued at about $189,000. Finally, James Investment Research Inc. bought a new position in Amtech Systems during the 3rd quarter valued at about $135,000. 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.