Amtech Systems Reaches New 52-Week High at $10.46 (ASYS)
Amtech Systems (NASDAQ:ASYS) reached a new 52-week high on Tuesday , AnalystRatings.NET reports. The stock traded as high as $10.46 and last traded at $10.36, with a volume of 77,231 shares changing hands. The stock had previously closed at $9.88.
Separately, analysts at Zacks upgraded shares of Amtech Systems from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $10.60 price target on the stock.
The stock’s 50-day moving average is $8.98 and its 200-day moving average is $7.75. The company’s market cap is $98.3 million.
Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.44) earnings per share. The company’s quarterly revenue 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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