Amtech Systems (NASDAQ:ASYS) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a strong sell rating in a research note published on Monday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on ASYS. Benchmark restated a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Amtech Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Amtech Systems Price Performance

NASDAQ ASYS opened at $13.15 on Monday. The stock’s fifty day moving average price is $13.93 and its 200 day moving average price is $10.53. Amtech Systems has a 1 year low of $3.20 and a 1 year high of $18.59. The company has a market cap of $189.49 million, a price-to-earnings ratio of -6.14 and a beta of 1.67.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $18.97 million for the quarter, compared to analyst estimates of $19.25 million. Amtech Systems had a negative return on equity of 1.53% and a negative net margin of 41.28%. Research analysts expect that Amtech Systems will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Amtech Systems

Institutional investors have recently modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new stake in shares of Amtech Systems in the third quarter worth about $167,000. Barclays PLC grew its holdings in Amtech Systems by 42,226.7% during the fourth quarter. Barclays PLC now owns 12,698 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 12,668 shares during the period. Graham Capital Management L.P. purchased a new position in Amtech Systems during the fourth quarter valued at approximately $158,000. Millennium Management LLC acquired a new position in Amtech Systems in the third quarter valued at approximately $111,000. Finally, Kestra Advisory Services LLC acquired a new position in Amtech Systems in the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.