Insider Buying: Amtech Systems major shareholder Acquires 2,500 Shares of Stock (ASYS)
Amtech Systems (NASDAQ:ASYS) major shareholder Robert M. Averick acquired 2,500 shares of Amtech Systems stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $8.50 per share, for a total transaction of $21,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
A number of analysts have recently weighed in on ASYS shares. Analysts at Dougherty & Co initiated coverage on shares of Amtech Systems in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Amtech Systems in a research note on Wednesday, May 28th. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Amtech Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 19th.
Shares of Amtech Systems (NASDAQ:ASYS) traded down 1.98% on Friday, hitting $9.43. The stock had a trading volume of 90,818 shares. Amtech Systems has a 1-year low of $5.44 and a 1-year high of $13.74. The stock has a 50-day moving average of $10.67 and a 200-day moving average of $10.35. The company’s market cap is $92.8 million.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.29) by $0.24. The company had revenue of $9.20 million for the quarter, compared to the consensus estimate of $14.15 million. During the same quarter in the prior year, the company posted ($1.27) earnings per share. The company’s quarterly revenue was down 11.5% on a year-over-year basis. Analysts expect that Amtech Systems will post $-0.90 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.