Amtech Systems (NASDAQ:ASYS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.96 and traded as high as $12.47. Amtech Systems shares last traded at $12.27, with a volume of 204,853 shares.

Analyst Ratings Changes

ASYS has been the topic of several research analyst reports. Wall Street Zen cut Amtech Systems from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Zacks Research downgraded shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Amtech Systems Price Performance

The stock has a market capitalization of $176.81 million, a price-to-earnings ratio of -5.73 and a beta of 1.67. The stock’s 50 day simple moving average is $13.75 and its 200-day simple moving average is $9.96.

Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Amtech Systems had a negative net margin of 41.28% and a negative return on equity of 1.53%. The business had revenue of $18.97 million for the quarter, compared to the consensus estimate of $19.25 million. As a group, equities 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

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Amtech Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after purchasing an additional 17,099 shares during the period. Marshall Wace LLP grew its stake in Amtech Systems by 235.0% in the 4th quarter. Marshall Wace LLP now owns 352,624 shares of the semiconductor company’s stock valued at $4,425,000 after buying an additional 247,352 shares during the last quarter. 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 period. Arrowstreet Capital Limited Partnership acquired a new position in Amtech Systems during the 3rd quarter worth $1,689,000. Finally, Renaissance Technologies LLC boosted its holdings in Amtech Systems by 622.1% during the fourth quarter. Renaissance Technologies LLC now owns 146,596 shares of the semiconductor company’s stock valued at $1,840,000 after acquiring an additional 126,296 shares during the period. 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.