Amtech Systems Inc. (NASDAQ:ASYS) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
Separately, Zacks Investment Research cut Amtech Systems from a “buy” rating to a “hold” rating in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Amtech Systems currently has an average rating of “Hold” and a consensus price target of $8.73.
Amtech Systems (NASDAQ:ASYS) opened at 4.96 on Tuesday. The firm’s market cap is $65.34 million. The firm’s 50-day moving average price is $5.27 and its 200-day moving average price is $6.02. Amtech Systems has a 1-year low of $4.12 and a 1-year high of $8.40.
Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.18. The firm had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $31.26 million. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. Amtech Systems’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, equities research analysts anticipate that Amtech Systems will post ($0.59) earnings per share for the current year.
A hedge fund recently raised its stake in Amtech Systems stock. WealthTrust Axiom LLC raised its stake in Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 57,225 shares of the company’s stock after buying an additional 3,493 shares during the period. WealthTrust Axiom LLC owned 0.43% of Amtech Systems worth $341,000 as of its most recent SEC filing. Institutional investors and hedge funds own 53.01% of the company’s stock.
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.
Receive News & Ratings for Amtech Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.