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

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 $5.55 and traded as high as $8.35. Amtech Systems shares last traded at $7.90, with a volume of 135,911 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ASYS shares. Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen raised Amtech Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Amtech Systems Trading Down 2.9%

The company has a market cap of $113.05 million, a PE ratio of -3.53 and a beta of 1.65. The stock has a 50 day moving average price of $8.08 and a 200 day moving average price of $5.55.

Institutional Investors Weigh In On Amtech Systems

Several hedge funds have recently bought and sold shares of ASYS. GWN Securities Inc. bought a new position in shares of Amtech Systems during the third quarter valued at approximately $189,000. XTX Topco Ltd purchased a new stake in shares of Amtech Systems in the 2nd quarter worth approximately $105,000. Williams & Novak LLC increased its position in Amtech Systems by 24.8% during the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 3,650 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 17,297 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Amtech Systems by 90.8% in the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after acquiring an additional 20,264 shares in the last quarter. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.