Amtech Systems (NASDAQ:ASYS) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05, Briefing.com reports. Amtech Systems had a negative net margin of 14.93% and a negative return on equity of 3.57%. The company had revenue of $21.00 million during the quarter, compared to the consensus estimate of $19.69 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was down 26.9% on a year-over-year basis. Amtech Systems updated its Q4 2019 guidance to EPS.
Shares of ASYS traded down $0.60 during trading hours on Friday, reaching $5.25. The stock had a trading volume of 91,517 shares, compared to its average volume of 40,465. Amtech Systems has a 12 month low of $4.03 and a 12 month high of $7.18. The stock’s 50-day moving average is $5.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.94 and a quick ratio of 2.44. The firm has a market cap of $83.30 million, a P/E ratio of 9.21 and a beta of 2.17.
Several institutional investors and hedge funds have recently modified their holdings of the stock. OLD Second National Bank of Aurora lifted its stake in Amtech Systems by 107.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 7,313 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 3,787 shares in the last quarter. Two Sigma Investments LP bought a new position in Amtech Systems during the 4th quarter valued at $50,000. Bank of New York Mellon Corp lifted its stake in Amtech Systems by 31.3% during the 4th quarter. Bank of New York Mellon Corp now owns 20,171 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 4,804 shares in the last quarter. Bailard Inc. bought a new position in Amtech Systems during the 2nd quarter valued at $149,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in Amtech Systems during the 4th quarter valued at $386,000. Institutional investors own 56.85% of the company’s stock.
About Amtech Systems
Amtech Systems, Inc manufactures and sells capital equipment and related consumables for use in fabricating solar cells, light-emitting diodes (LEDs), and semiconductor devices in the United States, Europe, China, Malaysia, Taiwan, Germany, the Netherlands, France, and internationally. The company operates through three segments: Solar, Semiconductor, and Polishing.
Recommended Story: What causes a recession?
Receive News & Ratings for Amtech Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amtech Systems and related companies with MarketBeat.com's FREE daily email newsletter.