Amtech Systems (NASDAQ:ASYS) Rating Lowered to “Strong Sell” at Zacks Research

Amtech Systems (NASDAQ:ASYS) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on ASYS. Wall Street Zen downgraded shares of Amtech Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Finally, Benchmark reissued a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Amtech Systems Stock Performance

Shares of ASYS opened at $13.15 on Monday. The firm has a market capitalization of $189.49 million, a P/E ratio of -6.14 and a beta of 1.67. Amtech Systems has a 52 week low of $3.20 and a 52 week high of $18.59. The stock has a 50 day moving average price of $13.93 and a two-hundred day moving average price of $10.53.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $18.97 million during the quarter, compared to the consensus estimate of $19.25 million. Amtech Systems had a negative net margin of 41.28% and a negative return on equity of 1.53%. On average, equities analysts forecast that Amtech Systems will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Amtech Systems during the fourth quarter worth about $88,000. Millennium Management LLC bought a new stake in shares of Amtech Systems in the third quarter valued at approximately $111,000. Graham Capital Management L.P. bought a new stake in shares of Amtech Systems in the fourth quarter valued at approximately $158,000. Barclays PLC lifted its stake in shares of Amtech Systems by 42,226.7% during the 4th quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 12,668 shares in the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in Amtech Systems in the 3rd quarter worth approximately $123,000. Institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.