Zacks Upgrades Amtech Systems to Outperform (ASYS)
Amtech Systems (NASDAQ:ASYS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, ARN reports. The firm currently has a $10.60 price target on the stock. Zacks‘ price target would indicate a potential upside of 7.29% from the company’s current price.
Amtech Systems (NASDAQ:ASYS) traded up 2.28% during mid-day trading on Monday, hitting $9.88. 29,767 shares of the company’s stock traded hands. Amtech Systems has a 52-week low of $3.21 and a 52-week high of $10.09. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $7.7. The company’s market cap is $94.7 million.
Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, February 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.10. The company had revenue of $14.80 million for the quarter, compared to the consensus estimate of $9.90 million. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company’s revenue for the quarter was up 58.5% on a year-over-year basis. On average, analysts predict that Amtech Systems will post $-0.41 earnings per share 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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