The stock last traded at $14.56 quite a bit higher than the 50 day moving average which is $12.79 and a great deal higher than the 200 day moving average of $9.67. The 50 day moving average went up $1.77 or +13.83% whereas the 200 day average was up by +50.50%. (NASDAQ:ASYS) shares saw light trading volume with 161K shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 27.93% under the normal average daily volume.
Short traders are more bullish on Amtech Systems, Inc. if you take note of the fall in short interest. The company realized a fall in short interest from September 29, 2017 to October 13, 2017 of -8.27%. Short interest fell from 231,957 to 212,774 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.02% on October 13.
These firms have modified their investment in ASYS. Kokino LLC downsized its holdings by selling 1,050,000 shares a decrease of 63.6%. Kokino LLC currently owns 600,000 shares valued at $5,064,000. The value of the position overall is down by 44.2%. As of the end of the quarter Acadian Asset Management LLC had bought a total of 55,528 shares growing its position 936.9%. The value of the investment in ASYS went from $50,000 to $736,000 a change of 1,372.0% quarter to quarter.
As of quarter end Winslow, Evans & Crocker, Inc. had acquired 1 shares growing its stake by 0.3%. The value of the investment in (ASYS) increased from $2,777,000 to $3,942,000 increasing 42.0% since the last quarter. As of quarter end Nationwide Fund Advisors had acquired a total of 7,700 shares growing its holdings by 427.8%. The value of the investment in Amtech Systems, Inc. increased from $15,000 to $114,000 a change of $99,000 quarter over quarter.
Roth Capital added ASYS to its research portfolio by announcing an initial rating of “Buy”.
The company’s P/E ratio is 125.52 and the market cap is 194.19M. As of the latest earnings report the EPS was $0.12 and is projected to be $0.23 for the current year with 13,337,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.17 with next year’s EPS anticipated to be $0.54.
Amtech Systems, Inc., launched on October 22, 1981, is involved in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing. The solar segment supplies thermal processing systems, including diffusion; plasma-enhanced chemical vapor deposition (PECVD); atomic layer deposition (ALD), and related automation, parts and services to the solar/photovoltaic industry. The semiconductor segment supplies thermal processing equipment, including solder reflow equipment and related controls for use by the semiconductor manufacturers and in electronics assembly for automotive and other industries. The polishing supplies segment produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystalline materials, ceramics and metal components..