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

Key Points

• Amtech Systems (ASYS) has had its "sell (D-)" rating reiterated by Weiss Ratings, indicating ongoing concerns about the company's stock performance.
• Despite the negative outlook from Weiss, Zacks Research recently upgraded the stock to a "strong-buy" rating, while other firms have varied in their assessments, resulting in an average rating of "Moderate Buy."
• Amtech Systems' shares traded down to $9.77, with the company holding a market capitalization of $139.81 million and an average volume significantly above recent trading activity.

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

Several other research firms have also issued reports on ASYS. Zacks Research upgraded Amtech Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Wall Street Zen upgraded Amtech Systems from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Amtech Systems presently has an average rating of "Moderate Buy".

Amtech Systems Price Performance

Shares of Amtech Systems stock traded down $0.45 during trading on Wednesday, hitting $9.77. 389,170 shares of the company were exchanged, compared to its average volume of 111,168. The firm has a market capitalization of $139.81 million, a P/E ratio of -4.36 and a beta of 1.65. Amtech Systems has a 1-year low of $3.20 and a 1-year high of $10.80. The firm's fifty day moving average price is $7.05 and its 200 day moving average price is $5.16.

Institutional Investors Weigh In On Amtech Systems

Institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in Amtech Systems in the 4th quarter valued at approximately $71,000. Williams & Novak LLC lifted its stake in Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company's stock valued at $82,000 after acquiring an additional 3,650 shares in the last quarter. Millennium Management LLC lifted its stake in Amtech Systems by 82.7% in the 4th quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company's stock valued at $124,000 after acquiring an additional 10,281 shares in the last quarter. XTX Topco Ltd bought a new stake in Amtech Systems in the 2nd quarter valued at approximately $105,000. Finally, Goldman Sachs Group Inc. lifted its stake in Amtech Systems by 135.5% in 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 in the last quarter. Institutional investors own 50.21% of the company's stock.

Amtech Systems Company Profile

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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