Amtech Systems Coverage Initiated at Cowen and Company (ASYS)
Equities research analysts at Cowen and Company assumed coverage on shares of Amtech Systems (NASDAQ:ASYS) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Amtech Systems (NASDAQ:ASYS) traded down 3.56% on Tuesday, hitting $8.95. The stock had a trading volume of 62,505 shares. 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 $10.53 and its 200-day moving average is $10.35. The company’s market cap is $88.1 million.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results 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. Analysts expect that Amtech Systems will post $-1.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ASYS. 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, 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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