Amtech Systems Stock Gaps Down On Today's Open (ASYS)
Shares of Amtech Systems (Nasdaq:ASYS) were gapping down Friday morning with an open price 11.8% lower than Thursday's closing price. The stock closed at $6.80 yesterday and opened today's trading at $6.
NEW YORK ( TheStreet) -- Shares of Amtech Systems (Nasdaq: ASYS) were gapping down Friday morning with an open price 11.8% lower than Thursday's closing price. The stock closed at $6.80 Thursday and opened today's trading at $6. The average volume for Amtech Systems has been 107,200 shares per day over the past 30 days. Amtech Systems has a market cap of $66 million and is part of the technology sector and electronics industry. Shares are down 20.1% 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 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 largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Amtech Systems Ratings Report. Get more investment ideas from our investment research center.