Zacks Investment Research Upgrades Amtech Systems Inc. (ASYS) to “Hold”
Amtech Systems Inc. (NASDAQ:ASYS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
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 lowered shares of Amtech Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.73.
Shares of Amtech Systems (NASDAQ:ASYS) traded down 0.66% on Wednesday, hitting $4.54. 13,269 shares of the stock traded hands. Amtech Systems has a 52 week low of $4.12 and a 52 week high of $8.40. The stock has a 50-day moving average price of $4.95 and a 200 day moving average price of $5.83. The firm’s market cap is $59.81 million.
Amtech Systems (NASDAQ:ASYS) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $33.30 million during the quarter, compared to analyst estimates of $31.26 million. During the same period in the previous year, the business earned ($0.12) EPS. Amtech Systems’s revenue was down 16.7% compared to the same quarter last year. Equities research analysts predict that Amtech Systems will post ($0.59) EPS for the current fiscal year.
An institutional investor recently raised its position in Amtech Systems stock. WealthTrust Axiom LLC boosted its stake in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter. 53.01% of the stock is currently owned by hedge funds and other institutional investors.
Amtech Systems Company Profile
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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