Amtech Systems' (ASYS) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Amtech Systems (ASYS), indicating ongoing concerns about the stock's performance.
• Amtech's stock has a consensus rating of "Reduce" with a recent downgrade from Zacks Research from "strong-buy" to "hold."
• The semiconductor company has seen increased trading activity, with institutional investors owning over 50% of its shares, highlighting growing interest in its stock.

Amtech Systems (NASDAQ:ASYS - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Amtech Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Amtech Systems from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Amtech Systems has a consensus rating of "Reduce".

Amtech Systems Price Performance

NASDAQ ASYS traded down $0.05 during trading on Friday, reaching $7.81. 136,445 shares of the company's stock traded hands, compared to its average volume of 122,062. The firm has a market cap of $111.79 million, a price-to-earnings ratio of -3.49 and a beta of 1.65. The company's 50 day simple moving average is $7.93 and its two-hundred day simple moving average is $5.45. Amtech Systems has a 12-month low of $3.20 and a 12-month high of $10.80.

Institutional Trading of Amtech Systems

Several large investors have recently bought and sold shares of the stock. AMH Equity Ltd grew its position in Amtech Systems by 137.0% during the 1st quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company's stock worth $471,000 after purchasing an additional 56,408 shares during the last quarter. Kovack Advisors Inc. lifted its stake in Amtech Systems by 15.1% during the 1st quarter. Kovack Advisors Inc. now owns 75,400 shares of the semiconductor company's stock valued at $364,000 after acquiring an additional 9,900 shares during the period. Acadian Asset Management LLC lifted its stake in Amtech Systems by 90.8% during the 1st quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company's stock valued at $204,000 after acquiring an additional 20,264 shares during the period. Goldman Sachs Group Inc. lifted its stake in Amtech Systems by 135.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company's stock valued at $145,000 after acquiring an additional 17,297 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Amtech Systems during the 2nd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 50.21% of the company's stock.

About Amtech Systems

Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates through Semiconductor and Material and Substrate segments.

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