Share on StockTwits

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, 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.

The Fly On The Wall

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.