TheStreet upgraded shares of Amtech Systems (NASDAQ:ASYS) from a d+ rating to a c- rating in a report issued on Thursday, TheStreetRatingsTable reports.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of Amtech Systems from a hold rating to a sell rating in a research report on Monday, October 7th. Zacks Investment Research downgraded shares of Amtech Systems from a buy rating to a hold rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Amtech Systems currently has a consensus rating of Hold and an average target price of $6.17.
Amtech Systems stock traded down $0.26 during midday trading on Thursday, reaching $5.22. 70,900 shares of the company’s stock were exchanged, compared to its average volume of 55,212. Amtech Systems has a 52 week low of $4.03 and a 52 week high of $7.18. The firm has a market cap of $82.75 million, a price-to-earnings ratio of 9.16 and a beta of 2.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.76 and a current ratio of 3.34. The stock’s 50-day simple moving average is $5.41 and its 200 day simple moving average is $5.66.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Amtech Systems had a negative net margin of 14.93% and a negative return on equity of 3.60%. The business had revenue of $21.00 million during the quarter, compared to the consensus estimate of $19.69 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down 26.9% on a year-over-year basis. Research analysts forecast that Amtech Systems will post 0.16 earnings per share for the current year.
In related news, Director Robert M. Averick bought 20,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $5.27 per share, with a total value of $105,400.00. Following the completion of the purchase, the director now owns 150,659 shares in the company, valued at approximately $793,972.93. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 22.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in shares of Amtech Systems by 7,568.0% in the third quarter. Tower Research Capital LLC TRC now owns 5,751 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 5,676 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in shares of Amtech Systems by 107.4% in the second quarter. OLD Second National Bank of Aurora now owns 7,313 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 3,787 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Amtech Systems in the second quarter worth $85,000. Bailard Inc. bought a new stake in shares of Amtech Systems in the second quarter worth $149,000. Finally, California Public Employees Retirement System grew its stake in shares of Amtech Systems by 5.8% in the third quarter. California Public Employees Retirement System now owns 91,538 shares of the semiconductor company’s stock worth $485,000 after purchasing an additional 5,000 shares during the last quarter. 56.56% of the stock is currently owned by hedge funds and other institutional investors.
About Amtech Systems
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.
Featured Story: What is the price-sales ratio?