Amtech Systems Inc. (ASYS) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Amtech Systems Inc. (NASDAQ:ASYS) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “

Separately, TheStreet lowered Amtech Systems from a hold rating to a sell rating in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $8.73.

Amtech Systems (NASDAQ:ASYS) traded down 0.42% during mid-day trading on Monday, reaching $4.69. The company had a trading volume of 1,526 shares. The company’s market capitalization is $61.78 million. Amtech Systems has a 12 month low of $4.12 and a 12 month high of $8.40. The firm’s 50 day moving average price is $5.09 and its 200-day moving average price is $5.91.

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. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. The firm had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $31.26 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. Amtech Systems’s quarterly revenue was down 16.7% on a year-over-year basis. 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 boosted its stake in Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.43% of Amtech Systems worth $341,000 at the end of the most recent quarter. Institutional investors 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.

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