Amtech Systems (ASYS) Hits New 12-Month Low at $4.51
Amtech Systems, Inc. (NASDAQ:ASYS)’s share price hit a new 52-week low on Thursday . The company traded as low as $4.51 and last traded at $4.54, with a volume of 2350 shares traded. The stock had previously closed at $4.71.
ASYS has been the topic of a number of research reports. ValuEngine raised Amtech Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Benchmark downgraded Amtech Systems from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Friday, August 10th. Roth Capital set a $5.00 price target on Amtech Systems and gave the stock a “hold” rating in a report on Friday, August 10th. Cowen set a $11.00 price target on Amtech Systems and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Amtech Systems presently has an average rating of “Hold” and an average target price of $9.38.
The firm has a market capitalization of $80.04 million, a PE ratio of 6.93 and a beta of 2.05. The company has a quick ratio of 2.42, a current ratio of 2.93 and a debt-to-equity ratio of 0.08.
Large investors have recently made changes to their positions in the business. Bank of Montreal Can bought a new position in Amtech Systems in the 2nd quarter valued at $130,000. Algert Global LLC bought a new position in Amtech Systems in the 2nd quarter valued at $159,000. A.R.T. Advisors LLC grew its stake in Amtech Systems by 45.4% in the 1st quarter. A.R.T. Advisors LLC now owns 28,968 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 9,050 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Amtech Systems in the 2nd quarter valued at $388,000. Finally, GSA Capital Partners LLP bought a new position in Amtech Systems in the 1st quarter valued at $536,000. Hedge funds and other institutional investors own 57.56% of the company’s stock.
Amtech Systems Company Profile (NASDAQ:ASYS)
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, LED, and semiconductor devices in the United States, Asia, Europe, and internationally. It operates through Solar, Semiconductor, and Polishing segments. The Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition, and atomic layer deposition systems; and automation equipment comprising mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers, and conveyers, as well as related parts and services.
Read More: Determine Your Level of Risk Tolerance
Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.