Amtech Systems Inc. (NASDAQ:ASYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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 downgraded shares of Amtech Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the 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 midday trading on Monday, hitting $4.75. 21,473 shares of the company were exchanged. The stock’s 50-day moving average is $5.12 and its 200-day moving average is $5.94. The stock’s market cap is $62.57 million. Amtech Systems has a one year low of $4.12 and a one year high of $8.40.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings results 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 company had revenue of $33.30 million for the quarter, compared to analyst estimates of $31.26 million. During the same quarter in the prior year, the business posted ($0.12) EPS. Amtech Systems’s quarterly revenue was down 16.7% on a year-over-year basis. Equities research analysts anticipate that Amtech Systems will post ($0.59) EPS for the current year.

A hedge fund recently raised its stake in Amtech Systems stock. WealthTrust Axiom LLC increased its position in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 quarter. 53.01% of the stock is currently owned by hedge funds and other institutional investors.

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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