Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 52,100 shares, a decline of 25.9% from the December 31st total of 70,300 shares. Based on an average daily volume of 40,700 shares, the short-interest ratio is currently 1.3 days. Currently, 0.5% of the shares of the company are short sold.
Institutional Investors Weigh In On Amtech Systems
A hedge fund recently raised its stake in Amtech Systems stock. Geode Capital Management LLC increased its position in Amtech Systems, Inc. (NASDAQ:ASYS - Free Report) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,067 shares of the semiconductor company's stock after purchasing an additional 7,314 shares during the quarter. Geode Capital Management LLC owned 0.90% of Amtech Systems worth $743,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 50.21% of the company's stock.
Amtech Systems Price Performance
Shares of NASDAQ:ASYS traded up $0.25 on Tuesday, reaching $5.25. The company's stock had a trading volume of 24,812 shares, compared to its average volume of 31,394. The stock's 50-day moving average is $5.49 and its two-hundred day moving average is $5.74. The stock has a market capitalization of $75.02 million, a P/E ratio of -8.75 and a beta of 1.38. Amtech Systems has a 52-week low of $3.37 and a 52-week high of $6.96.
Amtech Systems (NASDAQ:ASYS - Get Free Report) last issued its earnings results on Monday, December 9th. The semiconductor company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. Amtech Systems had a negative net margin of 8.38% and a negative return on equity of 0.73%. Equities analysts forecast that Amtech Systems will post 0.03 earnings per share for the current fiscal year.
About Amtech Systems
(
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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.
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