Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.46 and traded as high as $5.95. Amtech Systems shares last traded at $5.40, with a volume of 94,455 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on ASYS shares. Wall Street Zen lowered Amtech Systems from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Zacks Research upgraded Amtech Systems from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Report on Amtech Systems
Amtech Systems Stock Performance
The firm has a market capitalization of $85.72 million, a P/E ratio of -2.67 and a beta of 1.59. The business has a 50 day simple moving average of $4.74 and a two-hundred day simple moving average of $4.48.
Hedge Funds Weigh In On Amtech Systems
Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in Amtech Systems in the 4th quarter worth about $64,000. Squarepoint Ops LLC bought a new position in Amtech Systems in the 4th quarter worth about $71,000. Williams & Novak LLC increased 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 worth $82,000 after acquiring an additional 3,650 shares during the last quarter. Millennium Management LLC increased 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 worth $124,000 after acquiring an additional 10,281 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Amtech Systems in the 2nd quarter worth about $105,000. 50.21% of the stock is currently owned by institutional investors.
About Amtech Systems
(
Get Free Report)
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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