Amtech Systems (NASDAQ:ASYS) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Amtech Systems, Inc. (NASDAQ:ASYS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.41 and traded as high as $13.27. Amtech Systems shares last traded at $12.95, with a volume of 251,743 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Amtech Systems in a research note on Wednesday, October 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Amtech Systems in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Amtech Systems Trading Up 3.2%

The firm has a market cap of $185.96 million, a price-to-earnings ratio of -6.08 and a beta of 1.65. The stock’s 50 day moving average is $9.31 and its 200 day moving average is $7.43.

Institutional Trading of Amtech Systems

Several hedge funds have recently added to or reduced their stakes in ASYS. Goldman Sachs Group Inc. lifted its position in Amtech Systems by 135.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 17,297 shares during the period. Williams & Novak LLC increased its holdings in Amtech Systems by 24.8% in the 2nd quarter. Williams & Novak LLC now owns 18,385 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 3,650 shares during the period. Wexford Capital LP acquired a new position in shares of Amtech Systems in the 3rd quarter valued at approximately $174,000. Brevan Howard Capital Management LP bought a new stake in shares of Amtech Systems during the 3rd quarter worth approximately $167,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Amtech Systems during the 3rd quarter worth approximately $135,000. 50.21% of the stock is owned by institutional investors and hedge funds.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.