Amtech Systems, Inc. (ASYS) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up Pattern

September 17, 2017 - By Vivian Currie

Investors sentiment decreased to 0.75 in Q4 2016. Its down 0.55, from 1.3 in 2016Q3. It worsened, as 5 investors sold Amtech Systems, Inc. shares while 11 reduced holdings. 5 funds opened positions while 7 raised stakes. 6.77 million shares or 2.42% less from 6.94 million shares in 2016Q3 were reported.
Teton Incorporated holds 0.01% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS) for 17,000 shares. Janney Montgomery Scott Ltd accumulated 39,707 shares. Jacobs Levy Equity has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). 2,148 are owned by Blackrock Limited. 3,000 were reported by Fincl Architects. Renaissance Technology Ltd holds 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS) for 99,236 shares. Royal Bank & Trust Of Canada accumulated 500 shares. Northern Tru Corp stated it has 21,259 shares or 0% of all its holdings. Geode Capital Ltd Liability invested in 61,882 shares. Earnest Ptnrs Limited Co holds 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS) for 1,700 shares. Dimensional Fund Advsr Ltd Partnership stated it has 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Ancora Advisors Limited Liability Company has 0.03% invested in Amtech Systems, Inc. (NASDAQ:ASYS) for 111,026 shares. Wealthtrust Axiom Limited Company has invested 0.09% in Amtech Systems, Inc. (NASDAQ:ASYS). New York-based Walthausen & Ltd Company has invested 0.11% in Amtech Systems, Inc. (NASDAQ:ASYS). Kokino Limited Com holds 39.96% or 2.25M shares.

Since June 7, 2017, it had 0 buys, and 1 insider sale for $40,800 activity.

The stock of Amtech Systems, Inc. (ASYS) formed an up wedge with $11.79 target or 5.00 % above today’s $11.23 share price. The 8 months wedge indicates low risk for the $161.53M company. If the $11.79 price target is reached, the company will be worth $8.08 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 3.85% or $0.45 on September 15, reaching $11.23. About 180,508 shares traded. Amtech Systems, Inc. (NASDAQ:ASYS) has risen 41.37% since September 17, 2016 and is uptrending. It has outperformed by 24.67% the S&P500.

Analysts expect Amtech Systems, Inc. (NASDAQ:ASYS) to report $0.05 EPS on November, 16.They anticipate $0.07 EPS change or 350.00 % from last quarter’s $-0.02 EPS. ASYS’s profit would be $719,190 giving it 56.15 P/E if the $0.05 EPS is correct. After having $0.25 EPS previously, Amtech Systems, Inc.’s analysts see -80.00 % EPS growth.

Amtech Systems, Inc. (NASDAQ:ASYS) Ratings Coverage

Among 4 analysts covering Amtech Systems (NASDAQ:ASYS), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amtech Systems had 12 analyst reports since August 9, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Friday, July 14 report. Roth Capital initiated the shares of ASYS in report on Friday, August 4 with “Buy” rating. As per Wednesday, August 9, the company rating was maintained by Cowen & Co. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) earned “Buy” rating by Stifel Nicolaus on Friday, November 20. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) earned “Sell” rating by Zacks on Friday, August 21. The rating was maintained by Cowen & Co with “Buy” on Monday, September 11. On Friday, November 18 the stock rating was downgraded by Benchmark to “Hold”. Benchmark maintained Amtech Systems, Inc. (NASDAQ:ASYS) rating on Thursday, August 10. Benchmark has “Buy” rating and $1200 target. As per Wednesday, August 12, the company rating was downgraded by Zacks.

More notable recent Amtech Systems, Inc. (NASDAQ:ASYS) news were published by: Prnewswire.com which released: “Amtech Reports Significantly Higher Revenue and Earnings for Q3 Fiscal 2017” on August 09, 2017, also Zacks.com with their article: “Is Amtech Systems (ASYS) Stock a Solid Choice Right Now? September 13, 2017” published on September 13, 2017, Prnewswire.com published: “Amtech to Exhibit at SNEC 11th (2017) International Photovoltaic Power …” on April 12, 2017. More interesting news about Amtech Systems, Inc. (NASDAQ:ASYS) were released by: Nasdaq.com and their article: “Is Amtech Systems (ASYS) Stock a Solid Choice Right Now?” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “Amtech Systems’ (ASYS) CEO Fokko Pentinga on Q3 2017 Results – Earnings Call …” with publication date: August 10, 2017.

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