Amtech Systems, Inc. (NASDAQ:ASYS) Short Interest Up 5.4% in March

Amtech Systems, Inc. (NASDAQ:ASYSGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 68,900 shares, an increase of 5.4% from the March 15th total of 65,400 shares. Based on an average daily trading volume, of 75,200 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are sold short.

Amtech Systems Stock Down 1.9 %

ASYS opened at $4.75 on Thursday. The company has a market cap of $67.40 million, a P/E ratio of -3.52 and a beta of 1.46. The business’s 50-day moving average price is $4.85 and its 200-day moving average price is $5.58. The company has a current ratio of 2.99, a quick ratio of 1.69 and a debt-to-equity ratio of 0.12. Amtech Systems has a 12 month low of $3.37 and a 12 month high of $11.98.

Amtech Systems (NASDAQ:ASYSGet Free Report) last announced its quarterly earnings results on Friday, February 9th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.08. Amtech Systems had a negative return on equity of 1.15% and a negative net margin of 16.45%. The company had revenue of $24.92 million for the quarter, compared to the consensus estimate of $22.00 million. On average, equities analysts expect that Amtech Systems will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ASYS. Bank of New York Mellon Corp boosted its position in Amtech Systems by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 31,387 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 1,537 shares in the last quarter. Bank of Montreal Can bought a new stake in Amtech Systems during the 1st quarter valued at approximately $773,000. Dimensional Fund Advisors LP boosted its position in Amtech Systems by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,121,617 shares of the semiconductor company’s stock valued at $11,284,000 after acquiring an additional 21,422 shares in the last quarter. Ancora Advisors LLC boosted its position in Amtech Systems by 194.0% during the 1st quarter. Ancora Advisors LLC now owns 147,093 shares of the semiconductor company’s stock valued at $1,738,000 after acquiring an additional 97,061 shares in the last quarter. Finally, State Street Corp boosted its position in Amtech Systems by 7.3% during the 1st quarter. State Street Corp now owns 37,390 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 2,560 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Amtech Systems from a “sell” rating to a “hold” rating in a report on Monday, February 12th.

Get Our Latest Analysis on ASYS

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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