Gold prices bounce off 3-week lows; demand likely longer term
Robert M. Averick, a director at Amtech Systems Inc. (NASDAQ:ASYS), recently purchased shares in the company, according to a Form 4 filing with the Securities and Exchange Commission. On March 3 and March 5, Averick acquired a total of 6,523 shares of common stock at prices ranging from $4.85 to $4.89 per share. The total value of the transactions amounted to $31,836. The $71.59 million market cap company currently trades near its InvestingPro Fair Value, with a high P/E ratio of 61x despite generating $100.68 million in revenue over the last twelve months.
Following these purchases, Averick now directly owns 589,312 shares of Amtech Systems. Additionally, through various indirect holdings, he possesses significant shares, with 2,250,000 shares beneficially owned by the Kokino Family Clients and other indirect holdings through immediate family members and spouse. These acquisitions reflect Averick’s continued involvement and investment in the company. InvestingPro analysis shows the company maintains strong liquidity with a 3.39x current ratio and operates with moderate leverage, sporting a debt-to-equity ratio of 0.21. For deeper insights into ASYS’s financial health and valuation metrics, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Amtech Systems Inc reported its financial results for Q1 FY2025, revealing a notable performance with non-GAAP earnings per share (EPS) of $0.06, surpassing the anticipated loss of $0.01. The company recorded revenues of $24.4 million, which slightly missed the forecasted $24.75 million. Despite the revenue miss, Amtech’s positive earnings performance reflected well on investor sentiment. The company has been focusing on restructuring efforts, which have led to significant cost savings, contributing to a stronger financial position. Amtech’s adjusted EBITDA increased to $1.9 million, showcasing an improvement from the previous year. Analyst firms have taken note of these developments, with a focus on the company’s strategic initiatives in AI infrastructure and semiconductor packaging. Amtech’s outlook for Q2 includes projected revenues between $21 million and $23 million, with expectations for nominally positive adjusted EBITDA. The company continues to invest in growth areas, signaling confidence in its long-term prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.