Amtech Systems Inc. (ASYS) Receives Average Recommendation of “Hold” from Analysts
Shares of Amtech Systems Inc. (NASDAQ:ASYS) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $9.38.
Several research analysts recently issued reports on the stock. TheStreet lowered shares of Amtech Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Zacks Investment Research lowered shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Monday, July 11th.
A hedge fund recently raised its stake in Amtech Systems stock. Royce & Associates LP increased its stake in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 3.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,431,623 shares of the company’s stock after buying an additional 49,455 shares during the period. Royce & Associates LP owned approximately 10.87% of Amtech Systems worth $9,291,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 53.01% of the company’s stock.
Amtech Systems (NASDAQ:ASYS) traded down 0.3780% on Friday, hitting $4.5328. The company’s stock had a trading volume of 2,696 shares. The company has a 50 day moving average price of $5.01 and a 200-day moving average price of $5.88. The company’s market capitalization is $59.71 million. Amtech Systems has a 1-year low of $4.12 and a 1-year high of $8.40.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.18. Amtech Systems had a negative net margin of 5.07% and a negative return on equity of 21.02%. The firm earned $33.30 million during the quarter, compared to analyst estimates of $31.26 million. During the same quarter in the prior year, the business posted ($0.12) earnings per share. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, equities analysts forecast that Amtech Systems will post ($0.59) earnings per share for the current fiscal year.
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.
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