Zacks Investment Research lowered shares of Amtech Systems Inc. (NASDAQ:ASYS) from a hold rating to a sell rating in a report published on Monday morning.

According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “

Separately, TheStreet cut Amtech Systems from a hold rating to a sell rating in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $8.73.

Shares of Amtech Systems (NASDAQ:ASYS) traded down 0.42% during midday trading on Monday, hitting $4.69. 1,526 shares of the stock were exchanged. Amtech Systems has a 52-week low of $4.12 and a 52-week high of $8.40. The stock’s market cap is $61.78 million. The firm’s 50 day moving average price is $5.09 and its 200-day moving average price is $5.91.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.18. The firm earned $33.30 million during the quarter, compared to analysts’ expectations of $31.26 million. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. On average, equities research analysts expect that Amtech Systems will post ($0.59) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Amtech Systems stock. WealthTrust Axiom LLC increased its stake in Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,225 shares of the company’s stock after buying an additional 3,493 shares during the period. WealthTrust Axiom LLC owned 0.43% of Amtech Systems worth $341,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 53.01% of the company’s stock.

About Amtech Systems

Amtech Systems, Inc is a manufacturer of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, light-emitting diode (LED) and semiconductor devices. The Company’s segments include Solar, Semiconductor and Polishing.

5 Day Chart for NASDAQ:ASYS

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