Chardan Capital Markets Upgrades Amtech Systems to Neutral (ASYS)

By admin | 6 years ago

Amtech Systems (NASDAQ: ASYS) was upgraded by investment analysts at Chardan Capital Markets to a “neutral” rating in a note issued to investors on Monday.

Shares of Amtech Systems traded up 0.96% during mid-day trading on Monday, hitting $4.20. Amtech Systems has a one year low of $6.87 and a one year high of $23.80. The company has a market cap of $39.8 million and a P/E ratio of 9.18.

Amtech Systems last issued its quarterly earnings data on Thursday, May 10th. The company reported ($0.54) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.23) by $0.31. Amtech Systems’s revenue was down 64.8% compared to the same quarter last year. On average, analysts predict that Amtech Systems will post $-0.29 earnings per share next quarter.

Separately, analysts at Stifel Nicolaus initiated coverage on shares of Amtech Systems in a research note to investors on Wednesday, March 28th. They set a “hold” rating on the stock.

Amtech Systems, Inc. (Amtech), incorporated in October 1981, through its wholly owned subsidiaries, supplies horizontal diffusion furnace systems used for solar (photovoltaic) cell and semiconductor manufacturing.

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