Amtech Systems (NASDAQ:ASYS) Share Price Passes Above Two Hundred Day Moving Average of $5.25

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.25 and traded as high as $5.50. Amtech Systems shares last traded at $5.37, with a volume of 43,382 shares.

Amtech Systems Trading Up 7.8 %

The company has a market cap of $82.27 million, a P/E ratio of -3.83 and a beta of 1.47. The business’s 50 day simple moving average is $5.99 and its 200 day simple moving average is $5.26.

Amtech Systems (NASDAQ:ASYS) last released its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. The company had revenue of $25.43 million for the quarter, compared to analysts’ expectations of $23.00 million. Amtech Systems had a negative net margin of 19.70% and a negative return on equity of 4.54%. Sell-side analysts anticipate that Amtech Systems, Inc. will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Amtech Systems

Large investors have recently made changes to their positions in the business. AMH Equity Ltd raised its stake in Amtech Systems by 234.6% during the 1st quarter. AMH Equity Ltd now owns 300,000 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 210,339 shares during the period. Victory Capital Management Inc. purchased a new stake in Amtech Systems during the 4th quarter valued at approximately $39,000. First Eagle Investment Management LLC raised its position in shares of Amtech Systems by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 581,955 shares of the semiconductor company’s stock valued at $2,444,000 after buying an additional 7,609 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of Amtech Systems by 69.7% in the first quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock worth $200,000 after buying an additional 15,200 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Amtech Systems during the first quarter worth $375,000. 50.21% of the stock is currently owned by hedge funds and other institutional investors.

About Amtech Systems

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.