Amtech Systems Inc. (ASYS) Downgraded by TheStreet to “Sell”

TheStreet downgraded shares of Amtech Systems Inc. (NASDAQ:ASYS) from a hold rating to a sell rating in a report issued on Tuesday morning.

Separately, Zacks Investment Research cut shares of Amtech Systems from a buy rating to a hold rating in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $8.73.

Amtech Systems (NASDAQ:ASYS) traded up 1.85% on Tuesday, reaching $4.96. 6,357 shares of the company’s stock traded hands. The firm’s market cap is $65.34 million. The firm’s 50-day moving average is $5.27 and its 200 day moving average is $6.02. Amtech Systems has a 12 month low of $4.12 and a 12 month high of $8.40.

Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.18. The company had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $31.26 million. Amtech Systems had a negative net margin of 5.07% and a negative return on equity of 21.02%. Amtech Systems’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) earnings per share. Equities analysts predict that Amtech Systems will post ($0.59) EPS for the current year.

A hedge fund recently raised its stake in Amtech Systems stock. Royce & Associates LP boosted its stake in Amtech Systems Inc. (NASDAQ:ASYS) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,431,623 shares of the company’s stock after buying an additional 49,455 shares during the period. Royce & Associates LP owned approximately 10.87% of Amtech Systems worth $9,291,000 at the end of the most recent reporting period. 53.01% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:ASYS

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