Shares of Amtech Systems Inc. (NASDAQ:ASYS) traded today at $16.44, eclipsing its 52-week high. This new high was reached on above average trading volume as 16.8 million shares traded hands, while the average 30-day volume is approximately 53,000 shares.
Based on a current price of $9.79, Amtech Systems Inc. is currently 14.2% above its average consensus analyst price target of $8.40.
Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies and light-emitting diodes (LEDs). Its segments comprise Semiconductor, SiC/LED, and others. The company generates maximum revenue from the Semiconductor segment. Its Semiconductor segment is engaged in design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive, and other industries. Geographically, it derives a majority of revenue from the United States.
In the past 52 weeks, Amtech Systems Inc. share prices are bracketed by a current low of $3.63 and a high of $15.78 and is now at $9.79.
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