Amtech Systems (NASDAQ:ASYS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Amtech Systems, Inc. (NASDAQ:ASYS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.49 and traded as high as $17.56. Amtech Systems shares last traded at $17.25, with a volume of 255,579 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Amtech Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Roth Capital restated a “buy” rating and issued a $22.00 price objective on shares of Amtech Systems in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Amtech Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Amtech Systems Trading Down 0.5%

The firm has a fifty day simple moving average of $20.10 and a 200 day simple moving average of $16.49. The stock has a market cap of $251.16 million, a price-to-earnings ratio of 101.47 and a beta of 1.98.

Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $20.47 million for the quarter, compared to analyst estimates of $19.50 million. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%. On average, equities analysts expect that Amtech Systems, Inc. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On Amtech Systems

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Amtech Systems in the 4th quarter valued at $88,000. Millennium Management LLC bought a new position in shares of Amtech Systems during the 3rd quarter worth about $111,000. Walleye Capital LLC bought a new position in shares of Amtech Systems during the 1st quarter worth about $142,000. Graham Capital Management L.P. acquired a new stake in shares of Amtech Systems during the 4th quarter valued at about $158,000. Finally, Barclays PLC boosted its position in shares of Amtech Systems by 42,226.7% during the 4th quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock valued at $159,000 after acquiring an additional 12,668 shares in the last quarter. Institutional investors and hedge funds own 50.21% of the company’s stock.

About Amtech Systems

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.