Amtech Systems, Inc. (ASYS) Insider Sells $233,244.00 in Stock
Amtech Systems, Inc. (NASDAQ:ASYS) insider Jong S. Whang sold 18,600 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $12.54, for a total value of $233,244.00. Following the completion of the sale, the insider now directly owns 53,066 shares of the company’s stock, valued at approximately $665,447.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Amtech Systems, Inc. (NASDAQ:ASYS) traded down $1.05 during midday trading on Wednesday, hitting $10.21. The stock had a trading volume of 454,200 shares, compared to its average volume of 141,758. Amtech Systems, Inc. has a twelve month low of $3.99 and a twelve month high of $15.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.83 and a quick ratio of 1.48. The firm has a market capitalization of $150.40, a PE ratio of 20.40 and a beta of 2.14.
Several research firms have issued reports on ASYS. Cowen set a $14.00 target price on Amtech Systems and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Amtech Systems in a research note on Thursday, August 10th. Zacks Investment Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research note on Wednesday, August 16th. Roth Capital started coverage on Amtech Systems in a research note on Friday, August 4th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, ValuEngine raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Amtech Systems presently has an average rating of “Buy” and an average price target of $14.88.
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About Amtech Systems
Amtech Systems, Inc is engaged in the manufacture 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 operates through three business segments: solar, semiconductor and polishing.
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