Amtech Systems (NASDAQ:ASYS) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Amtech Systems, Inc. (NASDAQ:ASYS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.06 and traded as high as $12.88. Amtech Systems shares last traded at $12.5050, with a volume of 179,468 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amtech Systems in a research report on Wednesday, October 8th. Benchmark reissued a “hold” rating on shares of Amtech Systems in a research note on Tuesday, December 2nd. Finally, Wall Street Zen raised shares of Amtech Systems from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Amtech Systems Trading Down 2.5%

The firm has a market capitalization of $179.57 million, a price-to-earnings ratio of -5.87 and a beta of 1.70. The firm’s 50-day moving average is $8.72 and its 200 day moving average is $7.06.

Institutional Trading of Amtech Systems

Several institutional investors have recently modified their holdings of ASYS. Vanguard Group Inc. increased its holdings in Amtech Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock valued at $6,260,000 after purchasing an additional 17,099 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Amtech Systems in the 3rd quarter valued at about $1,689,000. Citadel Advisors LLC grew its position in shares of Amtech Systems by 39.6% in the 3rd quarter. Citadel Advisors LLC now owns 78,454 shares of the semiconductor company’s stock valued at $726,000 after buying an additional 22,260 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Amtech Systems by 90.8% in the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock valued at $204,000 after buying an additional 20,264 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Amtech Systems in the third quarter valued at about $350,000. Institutional investors own 50.21% of the company’s stock.

About Amtech Systems

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.