Amtech Systems Stock Gaps Down On Today's Open (ASYS)
Shares of Amtech Systems (Nasdaq:ASYS) were gapping down Wednesday morning with an open price 15.6% lower than Tuesday's closing price. The stock closed at $10.37 yesterday and opened today's trading at $8.75.
NEW YORK ( TheStreet) -- Shares of Amtech Systems (Nasdaq: ASYS) were gapping down Wednesday morning with an open price 15.6% lower than Tuesday's closing price. The stock closed at $10.37 Tuesday and opened today's trading at $8.75. The average volume for Amtech Systems has been 236,800 shares per day over the past 30 days. Amtech Systems has a market cap of $99.3 million and is part of the technology sector and electronics industry. Shares are down 59.4% 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 four, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Amtech Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Amtech Systems Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.