Amtech Systems Inc. (ASYS) Issues Quarterly Earnings Results
Amtech Systems Inc. (NASDAQ:ASYS) announced its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. The company had revenue of $42.41 million for the quarter, compared to the consensus estimate of $36.35 million. During the same quarter last year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 50.4% compared to the same quarter last year.
Shares of Amtech Systems (NASDAQ:ASYS) opened at 5.35 on Friday. Amtech Systems has a 52-week low of $4.12 and a 52-week high of $8.40. The company’s market capitalization is $70.48 million. The stock has a 50 day moving average price of $4.71 and a 200 day moving average price of $5.57.
Several brokerages have commented on ASYS. TheStreet downgraded Amtech Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Zacks Investment Research downgraded Amtech Systems from a “hold” rating to a “sell” rating in a report on Monday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.55.
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 filing with the 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 about 0.43% of Amtech Systems worth $341,000 at the end of the most recent quarter. 52.21% of the stock is owned by 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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