Stock News Alert: Amtech Systems (NASDAQ:ASYS)

Amtech Systems (NASDAQ:ASYS) stock observed trading -30.53% off 52-week high price. On the other end, the stock has been noted 18.16% away from low price over the last 52-weeks. The stock disclosed a move of -16.90% away from 50 day moving average and -6.11% away from 200 day moving average. Moving closer, we can see that shares have been trading -20.28% off 20-day moving average. It has market cap of $82.78M.

 On Jan. 6, 2020, Amtech Systems (NASDAQ:ASYS) a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies and light-emitting diodes (LEDs), declared results for its first quarter ended December 31, 2019.

First Quarter Fiscal 2020 Financial and Operational Highlights from Continuing Operations:

  • Net revenue of $20.7 million
  • Operating income of $1.6 million
  • Loss from continuing operations, net of tax, of $1.3 million, which includes a pre-tax loss of $2.7 million on the sale of R2D
  • Loss per diluted share from continuing operations of $0.09
  • Customer orders of $17.6 million
  • Unrestricted cash of $52.7 million
  • Board of Directors approval to renew our share repurchase program of up to $4 million of outstanding common stock, effective for the next 12 months

Mr. Michael Whang, Chief Executive Officer of Amtech, commented, We continue to prepare for the anticipated strengthening of the semiconductor market in the second half of 2020 and for longer-term organic growth opportunities.  We are investing in new product development, market-advancing technologies, our people, capacity expansion and IT systems.  We also continue to evaluate strategic M&A opportunities to build upon our strengths in the high growth areas in semi and silicon carbide.

 The USA based company Amtech Systems moved with change of -1.60% to $5.53 with the total traded volume of 93590 shares in recent session versus to an average volume of 62.86K. The stock was observed in the 5 days activity at 3.56%. The one month performance of stock was -22.87%. ASYS’s shares are at -4.66% for the quarter and driving a 5.94% return over the course of the past year and is now at -22.77% since this point in 2018.  Right now the stock beta is 2.25. The average volatility for the week and month was at 5.39% and 5.01% respectively. There are 14.97M shares outstanding and 14.14M shares are floated in market.

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