Amtech Systems, Inc. (ASYS)’s Stock Formed A Several Months Wedge Up Pattern

September 17, 2017 - By reb123z

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.
Renaissance Techs Ltd Limited Liability Company holds 99,236 shares or 0% of its portfolio. Ancora Limited Com has invested 0.03% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Howe Rusling stated it has 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Bridgeway Mgmt invested in 57,500 shares or 0% of the stock. Teton Advsrs has invested 0.01% in Amtech Systems, Inc. (NASDAQ:ASYS). Kokino Ltd Liability Corp owns 2.25M shares. Tower Research Lc (Trc) reported 2,008 shares. Wealthtrust Axiom Limited Company holds 55,629 shares. Northern Tru Corporation owns 21,259 shares. Manufacturers Life Ins Co The owns 97 shares for 0% of their portfolio. Blackrock Invest Mngmt Ltd Liability Co invested in 1,794 shares. Geode Cap Mngmt Ltd Liability Com has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Kcg Hldg Incorporated stated it has 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Winslow Evans And Crocker Incorporated reported 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Blackrock Institutional Na holds 0% or 12,470 shares.

Since June 7, 2017, it had 0 insider purchases, 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. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) has “Buy” rating given on Friday, August 4 by Roth Capital. Benchmark maintained the stock with “Buy” rating in Thursday, August 10 report. The stock of Amtech Systems, Inc. (NASDAQ:ASYS) earned “Hold” rating by Benchmark on Friday, November 18. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Hold”. The rating was upgraded by Zacks to “Sell” on Friday, August 21. Cowen & Co maintained Amtech Systems, Inc. (NASDAQ:ASYS) on Friday, July 14 with “Buy” rating. The stock has “Buy” rating by Cowen & Co on Wednesday, August 9. Cowen & Co maintained it with “Buy” rating and $13.5 target in Monday, September 11 report. The firm has “Buy” rating given on Friday, November 20 by Stifel Nicolaus.

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 Seekingalpha.com with their article: “Amtech Systems’ (ASYS) CEO Fokko Pentinga on Q2 2017 Results – Earnings Call …” published on May 12, 2017, Seekingalpha.com published: “Amtech Systems’ (ASYS) CEO Fokko Pentinga on Q3 2017 Results – Earnings Call …” on August 10, 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 Prnewswire.com‘s news article titled: “Amtech to Exhibit at SNEC 11th (2017) International Photovoltaic Power …” with publication date: April 12, 2017.

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