Amtech Systems, Inc. (ASYS)’s Bullish Wedge Up Pattern Points to Lower Stock Risks

September 17, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.75 in Q4 2016. Its down 0.55, from 1.3 in 2016Q3. It is negative, 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.
Northern Corporation has 21,259 shares for 0% of their portfolio. Earnest Prtn Lc stated it has 0% of its portfolio in Amtech Systems, Inc. (NASDAQ:ASYS). Fincl Bank Of America Corporation De has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Blackrock Institutional Trust Na, a California-based fund reported 12,470 shares. Walthausen And Ltd Llc reported 0.11% stake. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Ironwood Mngmt Ltd Liability owns 37,580 shares for 0.12% of their portfolio. Creative Planning reported 500 shares. Bridgeway Capital Mngmt invested in 0% or 57,500 shares. Manufacturers Life Insur The accumulated 97 shares. California Pub Employees Retirement Sys accumulated 86,538 shares. Morgan Stanley owns 1,980 shares or 0% of their US portfolio. Architects Inc holds 0% in Amtech Systems, Inc. (NASDAQ:ASYS) or 3,000 shares. Tower Rech Limited Liability Corporation (Trc) has invested 0% in Amtech Systems, Inc. (NASDAQ:ASYS). Kcg Hldgs Inc holds 0% or 10,758 shares in its portfolio.

Since June 7, 2017, it had 0 insider 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.

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. The stock has “Buy” rating by Cowen & Co on Friday, July 14. The rating was downgraded by Zacks to “Hold” on Wednesday, August 12. Cowen & Co maintained Amtech Systems, Inc. (NASDAQ:ASYS) on Monday, September 11 with “Buy” rating. The company was downgraded on Friday, November 18 by Benchmark. The stock has “Buy” rating by Stifel Nicolaus on Friday, November 20. On Wednesday, August 9 the stock rating was maintained by Cowen & Co with “Buy”. The rating was upgraded by Zacks on Friday, August 21 to “Sell”. As per Thursday, August 10, the company rating was maintained by Benchmark.

More notable recent Amtech Systems, Inc. (NASDAQ:ASYS) news were published by: Zacks.com which released: “Is Amtech Systems (ASYS) Stock a Solid Choice Right Now? September 13, 2017” on September 13, 2017, also Seekingalpha.com with their article: “Amtech Systems’ (ASYS) CEO Fokko Pentinga on Q2 2017 Results – Earnings Call …” published on May 12, 2017, Prnewswire.com published: “Amtech Reports Significantly Higher Revenue and Earnings for Q3 Fiscal 2017” on August 09, 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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