Amtech Systems Sets New 1-Year High at $8.00 (ASYS)
Shares of Amtech Systems (NASDAQ:ASYS) hit a new 52-week high on Tuesday, StockRatingsNetwork reports. The company traded as high as $8.00 and last traded at $7.95, with a volume of 70,944 shares trading hands. The stock had previously closed at $7.30.
A number of research firms have recently commented on ASYS. Analysts at Stifel Nicolaus upgraded shares of Amtech Systems (NASDAQ:ASYS) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $8.25 price target on the stock. Separately, analysts at Zacks downgraded shares of Amtech Systems (NASDAQ:ASYS) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $7.90 price target on the stock. Finally, analysts at Zacks upgraded shares of Amtech Systems (NASDAQ:ASYS) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 10th. They now have a $7.50 price target on the stock.
Amtech Systems has a 1-year low of $2.90 and a 1-year high of $8.00. The stock has a 50-day moving average of $6.77 and a 200-day moving average of $5.46. The company’s market cap is $74.9 million.
Amtech Systems (NASDAQ:ASYS) last released its earnings data on Thursday, August 8th. The company reported ($1.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.34) by $0.93. The company had revenue of $6.50 million for the quarter, compared to the consensus estimate of $8.59 million. During the same quarter last year, the company posted ($0.31) earnings per share. Amtech Systems’s revenue was down 57.2% compared to the same quarter last year. Analysts expect that Amtech Systems will post $-2.32 EPS for the current fiscal year.
Amtech Systems, Inc (NASDAQ:ASYS), incorporated in October 1981, through its wholly owned subsidiaries, supplies horizontal diffusion furnace systems used for solar (photovoltaic) cell and semiconductor manufacturing.
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