Amtech Systems (NASDAQ:ASYS) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.55 and traded as high as $8.35. Amtech Systems shares last traded at $7.90, with a volume of 135,911 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on ASYS shares. Wall Street Zen raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Amtech Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Amtech Systems has an average rating of “Reduce”.

Amtech Systems Stock Down 2.9%

The company has a market cap of $113.05 million, a PE ratio of -3.53 and a beta of 1.65. The company’s fifty day moving average is $8.08 and its 200-day moving average is $5.55.

Institutional Trading of Amtech Systems

Hedge funds have recently bought and sold shares of the company. AMH Equity Ltd boosted its holdings in shares of Amtech Systems by 137.0% in the 1st quarter. AMH Equity Ltd now owns 97,583 shares of the semiconductor company’s stock worth $471,000 after purchasing an additional 56,408 shares during the period. XTX Topco Ltd bought a new stake in Amtech Systems in the second quarter worth $105,000. GWN Securities Inc. purchased a new position in Amtech Systems during the third quarter worth $189,000. Acadian Asset Management LLC increased its position in Amtech Systems by 90.8% during the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after acquiring an additional 20,264 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased 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 valued at $145,000 after acquiring an additional 17,297 shares during the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

Amtech Systems Company Profile

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.