Amtech Systems Inc. (NASDAQ:ASYS) was downgraded by Zacks Investment Research 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 downgraded Amtech Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Amtech Systems currently has a consensus rating of “Hold” and a consensus price target of $8.73.

Amtech Systems (NASDAQ:ASYS) opened at 4.65 on Monday. Amtech Systems has a 52-week low of $4.12 and a 52-week high of $8.40. The company’s market cap is $61.25 million. The firm’s 50-day moving average is $5.06 and its 200-day moving average is $5.90.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.18. The firm earned $33.30 million during the quarter, compared to the consensus estimate of $31.26 million. Amtech Systems had a negative return on equity of 21.02% and a negative net margin of 5.07%. The company’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. On average, equities research analysts anticipate that Amtech Systems will post ($0.59) EPS for the current year.

A hedge fund recently raised its stake in Amtech Systems stock. WealthTrust Axiom LLC boosted its stake in shares of Amtech Systems Inc. (NASDAQ:ASYS) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.43% of Amtech Systems worth $341,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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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