Amtech Systems, Inc. – Nasdaq: ASYS
Shares of Tempe, AZ-based Amtech Systems Inc have been up over 50% in today’s trading on extremely heavy volume. Amtech announced fiscal year 2017 year-to-date order bookings through January 20, 2017 are approximately $84 million. This includes solar orders of $60 million. That figure represents around one-third of their total sales for 2016 ($120.3 million).
ASYS, traded on the Nasdaq, ended yesterday at $4.11 but the news quickly sent shares to $6.17. The average trading volume for ASYS is just over 30,000 shares per day but as of 2:24 PM EST share volume was over 1,000,000 shares.
Amtech Systems, Inc. manufactures and sells capital equipment and related consumables to manufacture solar cells, LED, and semiconductor devices. Although they operate primarily in the United States, they also have operations and sales units in Asia, Europe, and internationally.
One firm follows Amtech Systems Inc. Their analysts have rated shares of ASYS as a “Strong Buy” with a price target of $8.75.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 1:13 PM EST||$ 5.75|
|Market Cap||$52.48 million|
|Shares Outstanding||12.77 million|
|Share Float||10.19 million|
|Short Interest Ratio||3.22|