Somewhat Positive News Coverage Very Likely to Affect Amtech Systems (ASYS) Stock Price
News stories about Amtech Systems (NASDAQ:ASYS) have been trending somewhat positive on Friday, AlphaOne reports. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amtech Systems earned a news impact score of 0.20 on AlphaOne’s scale. AlphaOne also assigned headlines about the semiconductor company an impact score of 86 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near future.
A number of analysts have weighed in on the company. ValuEngine upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Benchmark Co. lowered their target price on Amtech Systems from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, May 11th. Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 target price for the company in a report on Tuesday, May 16th. Finally, TheStreet upgraded Amtech Systems from a “d+” rating to a “c-” rating in a report on Monday, May 15th.
Shares of Amtech Systems (ASYS) traded up 1.38% during mid-day trading on Friday, hitting $8.09. The stock had a trading volume of 55,132 shares. The stock’s 50-day moving average is $8.01 and its 200 day moving average is $5.91. The firm’s market cap is $106.79 million. Amtech Systems has a 12 month low of $3.99 and a 12 month high of $9.19.
Amtech Systems (NASDAQ:ASYS) last issued its earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $32.94 million during the quarter, compared to the consensus estimate of $27.95 million. Amtech Systems had a negative net margin of 2.16% and a negative return on equity of 4.59%. The company’s revenue was up 46.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Equities research analysts predict that Amtech Systems will post ($0.07) earnings per share for the current fiscal year.
In related news, Director Robert F. King sold 4,700 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total transaction of $40,796.00. Following the completion of the transaction, the director now owns 12,900 shares in the company, valued at $111,972. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 34.60% of the company’s stock.
About Amtech Systems
Amtech Systems, Inc is engaged in the manufacture 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 operates through three business segments: solar, semiconductor and polishing.
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