Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.44 and traded as high as $23.96. Amtech Systems shares last traded at $22.82, with a volume of 539,613 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Amtech Systems from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Zacks Research raised Amtech Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $22.00 target price on shares of Amtech Systems in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Amtech Systems Trading Up 3.4%

The company has a fifty day moving average of $16.16 and a two-hundred day moving average of $13.44. The stock has a market capitalization of $330.89 million, a price-to-earnings ratio of 134.24 and a beta of 1.95.

Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Amtech Systems had a return on equity of 5.58% and a net margin of 3.11%.The firm had revenue of $20.47 million during the quarter, compared to analyst estimates of $19.50 million. As a group, sell-side analysts predict that Amtech Systems, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amtech Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Amtech Systems in the 4th quarter worth approximately $88,000. XTX Topco Ltd acquired a new stake in Amtech Systems in the 2nd quarter worth approximately $105,000. Millennium Management LLC acquired a new stake in Amtech Systems in the 3rd quarter worth approximately $111,000. Thompson Davis & CO. Inc. acquired a new stake in Amtech Systems in the 3rd quarter worth approximately $123,000. Finally, James Investment Research Inc. acquired a new stake in Amtech Systems in the 3rd quarter worth approximately $135,000. 50.21% of the stock is currently owned by institutional investors and hedge funds.

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.