Amtech Systems (NASDAQ:ASYS) Stock Passes Above 200-Day Moving Average of $4.92

Amtech Systems, Inc. (NASDAQ:ASYS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.92 and traded as high as $6.65. Amtech Systems shares last traded at $6.63, with a volume of 236,010 shares.

Amtech Systems Trading Up 14.1 %

The company has a 50 day moving average of $5.39 and a 200-day moving average of $4.91.

Amtech Systems (NASDAQ:ASYS) last issued its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. Amtech Systems had a negative return on equity of 4.54% and a negative net margin of 19.70%. The company had revenue of $25.43 million for the quarter, compared to the consensus estimate of $23.00 million. Analysts forecast that Amtech Systems, Inc. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Barclays PLC purchased a new position in shares of Amtech Systems in the 3rd quarter valued at about $48,000. Victory Capital Management Inc. purchased a new position in shares of Amtech Systems in the 4th quarter valued at about $39,000. Villere ST Denis J & Co. LLC purchased a new position in shares of Amtech Systems in the 1st quarter valued at about $108,000. Janney Montgomery Scott LLC increased its holdings in shares of Amtech Systems by 48.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 26,700 shares of the semiconductor company’s stock valued at $203,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Kovack Advisors Inc. increased its holdings in shares of Amtech Systems by 69.7% in the 1st quarter. Kovack Advisors Inc. now owns 37,000 shares of the semiconductor company’s stock valued at $200,000 after acquiring an additional 15,200 shares during the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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.