Amtech Systems (NASDAQ:ASYS) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Amtech Systems, Inc. (NASDAQ:ASYS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.41 and traded as high as $16.41. Amtech Systems shares last traded at $16.40, with a volume of 113,431 shares trading hands.

Wall Street Analysts Forecast Growth

ASYS has been the topic of several recent analyst reports. Wall Street Zen cut Amtech Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Finally, Zacks Research raised Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Amtech Systems currently has an average rating of “Reduce”.

Amtech Systems Price Performance

The business has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $11.41. The firm has a market cap of $236.32 million, a price-to-earnings ratio of -7.66 and a beta of 1.64.

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

Institutional Investors Weigh In On Amtech Systems

Several large investors have recently bought and sold shares of ASYS. Kestra Advisory Services LLC purchased a new stake in shares of Amtech Systems in the 4th quarter valued at about $88,000. XTX Topco Ltd purchased a new position in shares of Amtech Systems in the 2nd quarter worth $105,000. Millennium Management LLC acquired a new stake in Amtech Systems in the 3rd quarter valued at $111,000. Thompson Davis & CO. Inc. acquired a new stake in Amtech Systems in the 3rd quarter valued at $123,000. Finally, James Investment Research Inc. acquired a new position in Amtech Systems in the third quarter worth about $135,000. Hedge funds and other 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.