Is Amtech Systems, Inc. (ASYS) a Buy? The Stock Formed Wedge Up Chart 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 fall, 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.
New England Private Wealth Ltd Liability Corp has 0.6% invested in Amtech Systems, Inc. (NASDAQ:ASYS). Wealthtrust Axiom Limited Liability Company reported 55,629 shares stake. 3,000 are held by Financial Architects Inc. Dimensional Fund Advsrs Limited Partnership owns 392,352 shares for 0% of their portfolio. Ancora Advsr Ltd holds 111,026 shares or 0.03% of its portfolio. Tower Lc (Trc) owns 2,008 shares. Winslow Evans & Crocker Inc invested 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Financial Bank Of America De has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Renaissance Ltd Liability Corp reported 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Blackrock Fund Advsrs holds 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS) for 30,555 shares. Moreover, Teton Advisors has 0.01% invested in Amtech Systems, Inc. (NASDAQ:ASYS). 37,580 are owned by Ironwood Invest Mngmt Limited Liability Company. Kokino Lc has 39.96% invested in Amtech Systems, Inc. (NASDAQ:ASYS). 2,148 are owned by Blackrock Limited Co. Janney Montgomery Scott Lc has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS).

Since June 7, 2017, it had 0 buys, and 1 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.

Investors wait Amtech Systems, Inc. (NASDAQ:ASYS) to report on November, 16. its quarterly earnings Wall Street analysts expect $0.05 earnings per share, up $0.07 or 350.00 % from last year’s $-0.02 same quarter earnings. This translates into $719,190 profit for ASYS giving the stock a 56.15 P/E. This is assuming the current $0.05 EPS is accurate. Amtech Systems, Inc.’s Wall Street analysts see -80.00 % negative EPS growth, taking into account the $0.25 EPS reproted in the previous quarter,

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

More notable recent Amtech Systems, Inc. (NASDAQ:ASYS) news were published by: Prnewswire.com which released: “Amtech to Exhibit at SNEC 11th (2017) International Photovoltaic Power …” on April 12, 2017, also Prnewswire.com with their article: “Amtech Reports Significantly Higher Revenue and Earnings for Q3 Fiscal 2017” published on August 09, 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: Seekingalpha.com and their article: “Amtech Systems’ (ASYS) CEO Fokko Pentinga on Q2 2017 Results – Earnings Call …” published on May 12, 2017 as well as Zacks.com‘s news article titled: “Is Amtech Systems (ASYS) Stock a Solid Choice Right Now? September 13, 2017” with publication date: September 13, 2017.

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