Amtech Systems (NASDAQ:ASYS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.74 and traded as high as $19.74. Amtech Systems shares last traded at $18.77, with a volume of 570,860 shares trading hands.

Wall Street Analysts Forecast Growth

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

Amtech Systems Price Performance

The business’s 50-day moving average price is $13.26 and its 200-day moving average price is $11.74. The firm has a market capitalization of $270.40 million, a PE ratio of -8.77 and a beta of 1.64.

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 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 forecast that Amtech Systems, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in Amtech Systems in the fourth quarter worth $88,000. XTX Topco Ltd acquired a new stake in Amtech Systems in the second quarter valued at $105,000. Millennium Management LLC acquired a new stake in Amtech Systems in the third quarter valued at $111,000. Thompson Davis & CO. Inc. acquired a new stake in Amtech Systems in the third quarter valued at $123,000. Finally, James Investment Research Inc. acquired a new stake in Amtech Systems in the third quarter valued at $135,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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.