Amtech Systems Inc. (NASDAQ:ASYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “

Separately, TheStreet cut shares of Amtech Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $8.73.

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Shares of Amtech Systems (NASDAQ:ASYS) traded up 0.21% during trading on Monday, reaching $4.75. 21,583 shares of the company were exchanged. The stock’s market capitalization is $62.57 million. The stock has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.94. Amtech Systems has a one year low of $4.12 and a one year high of $8.40.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.18. Amtech Systems had a negative net margin of 5.07% and a negative return on equity of 21.02%. The business earned $33.30 million during the quarter, compared to analyst estimates of $31.26 million. During the same period in the prior year, the business earned ($0.12) EPS. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. Analysts forecast that Amtech Systems will post ($0.59) EPS for the current year.

An institutional investor recently raised its position in Amtech Systems stock. WealthTrust Axiom LLC increased its stake in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,225 shares of the company’s stock after buying an additional 3,493 shares during the period. WealthTrust Axiom LLC owned approximately 0.43% of Amtech Systems worth $341,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 53.01% of the company’s stock.

About Amtech Systems

Amtech Systems, Inc is a manufacturer of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, light-emitting diode (LED) and semiconductor devices. The Company’s segments include Solar, Semiconductor and Polishing.

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