Amtech Systems, Inc. (NASDAQ:ASYS) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 35,400 shares, an increase of 14.6% from the June 30th total of 30,900 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 39,200 shares, the days-to-cover ratio is currently 0.9 days.
ASYS stock opened at $5.15 on Friday. The company has a quick ratio of 6.62, a current ratio of 8.41 and a debt-to-equity ratio of 0.06. Amtech Systems has a twelve month low of $3.55 and a twelve month high of $7.96. The stock has a market capitalization of $72.34 million, a price-to-earnings ratio of 34.33 and a beta of 1.70. The firm’s fifty day simple moving average is $4.96 and its two-hundred day simple moving average is $5.17.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.18. Amtech Systems had a negative net margin of 14.12% and a positive return on equity of 2.68%. The business had revenue of $14.46 million for the quarter, compared to analysts’ expectations of $12.00 million. As a group, equities research analysts expect that Amtech Systems will post 0.02 EPS for the current year.
A number of hedge funds have recently bought and sold shares of ASYS. Connor Clark & Lunn Investment Management Ltd. increased its position in Amtech Systems by 7.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,525 shares of the semiconductor company’s stock valued at $383,000 after acquiring an additional 3,750 shares during the last quarter. WealthTrust Axiom LLC increased its position in Amtech Systems by 30.4% during the first quarter. WealthTrust Axiom LLC now owns 61,979 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 14,450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Amtech Systems by 21.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,705 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 2,982 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Amtech Systems by 137.5% in the first quarter. WINTON GROUP Ltd now owns 34,985 shares of the semiconductor company’s stock worth $152,000 after purchasing an additional 20,254 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Amtech Systems by 7.4% in the first quarter. Geode Capital Management LLC now owns 81,461 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 5,615 shares during the last quarter. Institutional investors and hedge funds own 45.85% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Amtech Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 7th.
Amtech Systems Company Profile
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.
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