Shares of Amtech Systems, Inc. (NASDAQ:ASYS) shot up 7.1% on Tuesday . The company traded as high as $14.17 and last traded at $14.12. 687,500 shares were traded during mid-day trading, an increase of 441% from the average session volume of 127,068 shares. The stock had previously closed at $13.19.
A number of research firms recently weighed in on ASYS. Zacks Investment Research upgraded Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, October 17th. Benchmark Co. restated a “buy” rating and issued a $18.00 price objective (up from $12.00) on shares of Amtech Systems in a report on Tuesday. Cowen and Company restated an “outperform” rating and issued a $13.50 price objective (up from $10.50) on shares of Amtech Systems in a report on Thursday, August 10th. Finally, Roth Capital began coverage on Amtech Systems in a report on Friday, August 4th. They issued a “buy” rating and a $12.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Amtech Systems currently has a consensus rating of “Buy” and a consensus price target of $14.88.
The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.79. The stock has a market capitalization of $189.86, a PE ratio of 109.92 and a beta of 2.14.
Amtech Systems Company Profile
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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