Benchmark Co. lowered shares of Amtech Systems Inc. (NASDAQ:ASYS) from a buy rating to a hold rating in a report released on Friday morning. They currently have $5.00 target price on the stock.

“We now see a net loss of ($0.64) per diluted share on sales of $117.5 million for FY17. As such, we go to Hold.”,” Benchmark Co.’s analyst commented.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Amtech Systems from a sell rating to a hold rating in a research report on Wednesday, October 19th. TheStreet downgraded Amtech Systems from a hold rating to a sell rating in a research report on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $7.25.

Shares of Amtech Systems (NASDAQ:ASYS) traded down 4.15% during trading on Friday, reaching $4.85. The company’s stock had a trading volume of 72,692 shares. The company’s market cap is $63.92 million. The firm’s 50-day moving average is $4.71 and its 200 day moving average is $5.57. Amtech Systems has a 52-week low of $4.12 and a 52-week high of $8.40.

Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, November 17th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $42.41 million for the quarter, compared to analyst estimates of $36.35 million. Amtech Systems had a negative return on equity of 15.36% and a negative net margin of 5.83%. The firm’s quarterly revenue was up 50.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities research analysts predict that Amtech Systems will post $0.41 EPS for the current fiscal year.

A hedge fund recently raised its stake in Amtech Systems stock. Hollow Brook Wealth Management LLC raised its position in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 527,801 shares of the company’s stock after buying an additional 11,728 shares during the period. Amtech Systems accounts for approximately 1.5% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Hollow Brook Wealth Management LLC owned 4.01% of Amtech Systems worth $2,618,000 at the end of the most recent quarter. Institutional investors own 52.12% 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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