Amtech Systems, Inc. (NASDAQ:ASYS) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.50.
Several brokerages have recently issued reports on ASYS. Zacks Investment Research upgraded Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, October 24th. Benchmark restated a “buy” rating and issued a $18.00 price target (up from $12.00) on shares of Amtech Systems in a research note on Tuesday, November 21st. Finally, ValuEngine cut Amtech Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th.
In related news, Director Paul J. Van Der Wansem sold 50,662 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $13.04, for a total transaction of $660,632.48. Following the transaction, the director now owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jong S. Whang sold 18,600 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $12.54, for a total value of $233,244.00. Following the transaction, the insider now directly owns 53,066 shares in the company, valued at approximately $665,447.64. The disclosure for this sale can be found here. Insiders have sold 139,292 shares of company stock worth $1,807,068 in the last quarter. Insiders own 34.60% of the company’s stock.
Shares of Amtech Systems (NASDAQ:ASYS) opened at $9.94 on Wednesday. The stock has a market capitalization of $147.45, a price-to-earnings ratio of 15.15 and a beta of 1.98. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.09. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $15.45.
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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