Amtech Systems (Nasdaq:ASYS) hit a new 52-week high Wednesday as it changed hands at $30.80 compared with its previous 52-week high of $29.65. Amtech Systems is currently trading at $30.70 with 49,483 shares changing hands as of 9:31 a.m..
NEW YORK ( TheStreet) -- Amtech Systems (Nasdaq: ASYS) hit a new 52-week high Wednesday as it traded at $30.80 compared with its previous 52-Week high of $29.65. Amtech Systems is changing hands at $30.70 with 49,483 shares traded as of 9:31 a.m. ET. Average volume has been 362,500 shares over the past 30 days. Amtech Systems has a market cap of $264.9 million and is part of the technology sector and electronics industry. Shares are up 15% year to date as of the close of trading on Tuesday. Amtech Systems, Inc., through its subsidiaries, engages in the design, assembly, sale, and installation of capital equipment and related consumables used in the manufacture of wafers, primarily for the solar and semiconductor industries. The company has a P/E ratio of 27.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Amtech Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Amtech Systems Ratings Report.