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

Amtech Systems, Inc. (NASDAQ:ASYS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.03 and traded as high as $22.12. Amtech Systems shares last traded at $21.07, with a volume of 574,672 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ASYS. Weiss Ratings upgraded shares of Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Wall Street Zen upgraded shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Zacks Research upgraded shares of Amtech Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Roth Mkm restated a “buy” rating and set a $22.00 price objective on shares of Amtech Systems in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Amtech Systems Stock Down 15.6%

The stock’s 50-day simple moving average is $17.71 and its two-hundred day simple moving average is $14.17. The company has a market capitalization of $269.21 million, a price-to-earnings ratio of 108.76 and a beta of 1.99.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Amtech Systems had a net margin of 3.11% and a return on equity of 5.58%. The firm had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.50 million. On average, sell-side analysts forecast that Amtech Systems, Inc. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Amtech Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in Amtech Systems during the fourth quarter worth approximately $88,000. Millennium Management LLC acquired a new stake in shares of Amtech Systems in the 3rd quarter worth $111,000. Walleye Capital LLC purchased a new position in shares of Amtech Systems during the 1st quarter worth $142,000. Graham Capital Management L.P. purchased a new position in shares of Amtech Systems during the 4th quarter worth $158,000. Finally, Barclays PLC boosted its position in shares of Amtech Systems by 42,226.7% during the 4th quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock valued at $159,000 after acquiring an additional 12,668 shares during the last quarter. Institutional investors and hedge funds 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.