Insider Buying: Amtech Systems major shareholder Acquires 2,500 Shares of Stock (ASYS)
Amtech Systems (NASDAQ:ASYS) major shareholder Robert M. Averick bought 2,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $8.50 per share, with a total value of $21,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. 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.
Amtech Systems (NASDAQ:ASYS) opened at 9.43 on Friday. Amtech Systems has a 52 week low of $5.44 and a 52 week high of $13.74. The stock’s 50-day moving average is $10.60 and its 200-day moving average is $10.34. The company’s market cap is $92.8 million.
Amtech Systems (NASDAQ:ASYS) last released its earnings data on Thursday, August 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($1.27) earnings per share. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, analysts predict that Amtech Systems will post $-1.02 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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