Amtech Systems (NASDAQ:ASYS) Share Price Passes Above 200-Day Moving Average – Here’s Why

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.75 and traded as high as $11.32. Amtech Systems shares last traded at $11.06, with a volume of 181,789 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ASYS shares. Wall Street Zen cut Amtech Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Benchmark reissued a “hold” rating on shares of Amtech Systems in a report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Amtech Systems from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Amtech Systems has an average rating of “Sell”.

Amtech Systems Price Performance

The company has a market capitalization of $159.37 million, a price-to-earnings ratio of -5.17 and a beta of 1.67. The business has a fifty day moving average price of $13.83 and a 200 day moving average price of $10.75.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%.The company had revenue of $18.97 million during the quarter, compared to analyst estimates of $19.25 million. As a group, sell-side analysts predict that Amtech Systems, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in Amtech Systems during the 4th quarter valued at $88,000. Millennium Management LLC acquired a new stake in shares of Amtech Systems in the third quarter valued at approximately $111,000. Graham Capital Management L.P. bought a new position in Amtech Systems in the 4th quarter worth approximately $158,000. Barclays PLC raised its position in Amtech Systems by 42,226.7% in the 4th quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 12,668 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in Amtech Systems during the 3rd quarter worth $123,000. 50.21% of the stock is owned by institutional investors and hedge funds.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.