News coverage about Amtech Systems (NASDAQ:ASYS) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Amtech Systems earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 44.1040944725216 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Amtech Systems (NASDAQ ASYS) traded down $0.15 during midday trading on Friday, reaching $9.85. The company’s stock had a trading volume of 291,349 shares, compared to its average volume of 321,172. The stock has a market capitalization of $145.10, a price-to-earnings ratio of 15.39 and a beta of 1.98. The company has a current ratio of 1.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $15.45.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, October 24th. Benchmark reaffirmed a “buy” rating and set a $18.00 price target (up previously from $12.00) on shares of Amtech Systems in a research report on Tuesday, November 21st. Finally, ValuEngine lowered Amtech Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.88.
In other Amtech Systems news, Director Paul J. Van Der Wansem sold 70,030 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $13.04, for a total value of $913,191.20. Following the sale, the director now owns 330,199 shares of the company’s stock, valued at $4,305,794.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jong S. Whang sold 18,600 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $12.54, for a total value of $233,244.00. Following the completion of the sale, the insider now directly owns 53,066 shares in the company, valued at approximately $665,447.64. The disclosure for this sale can be found here. In the last three months, insiders sold 139,292 shares of company stock worth $1,807,068. 34.60% of the stock is owned by corporate insiders.
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About Amtech Systems
Amtech Systems, Inc is engaged 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.
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