Amtech Systems (NASDAQ:ASYS) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Amtech Systems, Inc. (NASDAQ:ASYS – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.06 and traded as high as $12.88. Amtech Systems shares last traded at $12.5050, with a volume of 179,468 shares.

Analyst Ratings Changes

ASYS has been the subject of several recent research reports. Wall Street Zen upgraded Amtech Systems from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research raised Amtech Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, October 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Get Our Latest Research Report on Amtech Systems

Amtech Systems Stock Down 2.5%

The stock has a 50 day moving average of $8.72 and a 200 day moving average of $7.06. The firm has a market cap of $179.57 million, a price-to-earnings ratio of -5.87 and a beta of 1.70.

Institutional Trading of Amtech Systems

Several large investors have recently made changes to their positions in ASYS. Williams & Novak LLC raised its position in Amtech Systems by 24.8% during the second quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 3,650 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Amtech Systems in the 2nd quarter valued at $105,000. Millennium Management LLC acquired a new position in shares of Amtech Systems during the 3rd quarter worth $111,000. Thompson Davis & CO. Inc. bought a new stake in shares of Amtech Systems during the 3rd quarter worth $123,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Amtech Systems during the 3rd quarter worth $135,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

About Amtech Systems

(Get Free Report)

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.

Featured Articles