Amtech Systems Stock Gaps Down On Today's Open (ASYS)

NEW YORK ( TheStreet) -- Shares of Amtech Systems (Nasdaq: ASYS) were gapping down Friday morning with an open price 12.9% lower than Thursday's closing price. The stock closed at $11.26 Thursday and opened today's trading at $9.81.

The average volume for Amtech Systems has been 189,400 shares per day over the past 30 days. Amtech Systems has a market cap of $101 million and is part of the technology sector and electronics industry. Shares are up 32.2% year to date as of the close of trading on Thursday.

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 4.8, above the average electronics industry P/E ratio of 4.6 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, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Amtech Systems Ratings Report.

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