Amtech Systems (NASDAQ:ASYS) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Amtech Systems' stock price recently surpassed its 200-day moving average at $4.85, trading as high as $10.25 before settling at $9.65 with a volume of 521,288 shares.
• Several analysts have upgraded their ratings on Amtech Systems, with Zacks Research moving it from a "hold" to a "strong-buy" rating and a consensus rating now at "Strong Buy."
• The company has a market capitalization of $138.13 million and a P/E ratio of -4.31, indicating potential investor interest and significant volatility.

Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.85 and traded as high as $10.25. Amtech Systems shares last traded at $9.65, with a volume of 521,288 shares traded.

Wall Street Analysts Forecast Growth

ASYS has been the topic of a number of research analyst reports. Zacks Research raised shares of Amtech Systems from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. 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 equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of "Strong Buy".

Amtech Systems Stock Up 8.1%

The company has a market capitalization of $138.13 million, a P/E ratio of -4.31 and a beta of 1.61. The company's 50-day simple moving average is $6.09 and its 200 day simple moving average is $4.85.

Institutional Trading of Amtech Systems

Several large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new stake in shares of Amtech Systems in the fourth quarter worth $71,000. Williams & Novak LLC lifted its stake in shares of Amtech Systems by 24.8% in the second quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company's stock worth $82,000 after buying an additional 3,650 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Amtech Systems by 82.7% in the fourth quarter. Millennium Management LLC now owns 22,706 shares of the semiconductor company's stock worth $124,000 after buying an additional 10,281 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Amtech Systems in the second quarter worth $105,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Amtech Systems by 135.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company's stock worth $145,000 after buying an additional 17,297 shares during the last quarter. 50.21% of the stock is owned by institutional investors.

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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