Amtech Systems Inc. (NASDAQ:ASYS) has received an average rating of “Hold” from the six ratings firms that are covering the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.38.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Amtech Systems from a “buy” rating to a “hold” rating in a report on Monday, July 11th. TheStreet lowered Amtech Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th.
A hedge fund recently raised its stake in Amtech Systems stock. WealthTrust Axiom LLC increased its position in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,225 shares of the company’s stock after buying an additional 3,493 shares during the period. WealthTrust Axiom LLC owned about 0.43% of Amtech Systems worth $341,000 as of its most recent SEC filing. 53.01% of the stock is currently owned by institutional investors.
Amtech Systems (NASDAQ:ASYS) opened at 4.57 on Friday. The stock’s market capitalization is $60.20 million. Amtech Systems has a 52 week low of $4.12 and a 52 week high of $8.40. The stock’s 50 day moving average price is $4.95 and its 200-day moving average price is $5.83.
Amtech Systems (NASDAQ:ASYS) last announced its earnings results on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.18. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. The business had revenue of $33.30 million for the quarter, compared to analyst estimates of $31.26 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. Equities research analysts expect that Amtech Systems will post ($0.59) earnings per share for the current year.
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.