News stories about Amtech Systems (NASDAQ:ASYS) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Amtech Systems earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
A number of equities analysts recently commented on ASYS shares. Benchmark Co. decreased their price objective on Amtech Systems from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 11th. TheStreet upgraded Amtech Systems from a “d+” rating to a “c-” rating in a report on Monday, May 15th. ValuEngine raised Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Zacks Investment Research raised Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research note on Tuesday, May 16th.
Shares of Amtech Systems (ASYS) traded up 3.76% during mid-day trading on Friday, reaching $9.11. The company’s stock had a trading volume of 53,017 shares. Amtech Systems has a one year low of $3.99 and a one year high of $9.55. The stock’s market cap is $120.25 million. The stock has a 50 day moving average of $8.56 and a 200-day moving average of $6.81.
Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Amtech Systems had a negative net margin of 2.16% and a negative return on equity of 4.59%. The firm had revenue of $32.94 million during the quarter, compared to analyst estimates of $27.95 million. During the same period in the previous year, the business posted ($0.11) EPS. Amtech Systems’s revenue was up 46.5% on a year-over-year basis. On average, equities research analysts expect that Amtech Systems will post ($0.07) EPS for the current fiscal year.
In related news, Director Robert F. King sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total value of $40,796.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at approximately $111,972. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.60% of the stock is currently owned by insiders.
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About Amtech Systems
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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