Amtech Systems, Inc. (NASDAQ:ASYS - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 70,300 shares, a growth of 25.1% from the December 15th total of 56,200 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 1.7 days.
Amtech Systems Price Performance
Amtech Systems stock traded down $0.03 during midday trading on Friday, reaching $5.25. 35,687 shares of the company traded hands, compared to its average volume of 30,999. Amtech Systems has a 12 month low of $3.37 and a 12 month high of $6.96. The business has a 50 day moving average of $5.60 and a two-hundred day moving average of $5.85. The firm has a market capitalization of $74.97 million, a price-to-earnings ratio of -8.75 and a beta of 1.41.
Institutional Trading of Amtech Systems
A number of hedge funds have recently bought and sold shares of ASYS. 272 Capital LP bought a new stake in shares of Amtech Systems during the 3rd quarter valued at about $72,000. Geode Capital Management LLC boosted its holdings in shares of Amtech Systems by 6.1% in the third quarter. Geode Capital Management LLC now owns 128,067 shares of the semiconductor company's stock worth $743,000 after buying an additional 7,314 shares during the last quarter. First Eagle Investment Management LLC grew its position in Amtech Systems by 13.0% during the second quarter. First Eagle Investment Management LLC now owns 675,844 shares of the semiconductor company's stock valued at $3,960,000 after buying an additional 77,799 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Amtech Systems by 19.3% during the second quarter. Acadian Asset Management LLC now owns 18,476 shares of the semiconductor company's stock valued at $107,000 after buying an additional 2,991 shares during the last quarter. Hedge funds and other institutional investors own 50.21% of the company's stock.
About Amtech Systems
(
Get Free Report)
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.
See Also
Before you consider Amtech Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amtech Systems wasn't on the list.
While Amtech Systems currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
