Shares of Amtech Systems, Inc. (NASDAQ: ASYS) shares fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter sales results and issued first-quarter sales guidance below estimates.
Amtech reported quarterly sales of $27.70 million, missing the analyst consensus estimate of $34.50 million. The company anticipated first-quarter revenue to be between $21 million and $24 million, versus the $34.15 million estimate.
Benchmark analyst Mark Miller downgraded Amtech Systems from Buy to Hold.
Amtech Systems shares fell 30.6% to $4.16 on Thursday.
Here are some other stocks moving in today's mid-day session.
Gainers
Freight Technologies, Inc. (NASDAQ: FRGT) shares jumped 322% to $1.14 after the company announced Amazon Mexico renewed its selection of Fr8App for its logistical solutions.
SRIVARU Holding Limited (NASDAQ: SVMH) rose 74.8% to $0.7000.
XBP Europe Holdings, Inc. (NASDAQ: XBP) shares gained 49% to $8.46 after declining around 20% on Wednesday.
TPI Composites, Inc. (NASDAQ: TPIC) rose 46% to $3.1350 as the company announced refinancing transaction with Oaktree, significantly strengthening company’s liquidity position and enhancing financial flexibility.
Nxu, Inc. (NASDAQ: NXU) rose 43.6% to $0.0280 after the company signed a letter of intent outlining investment in Lynx Motors.
Canterbury Park Holding Corporation (NASDAQ: CPHC) rose 31% to $18.70.
View, Inc. (NASDAQ: VIEW) gained 29% to $5.14.
Hanryu Holdings, Inc. (NASDAQ: HRYU) gained 27.1% to $1.3850 after jumping 28% on Wednesday.
Esperion Therapeutics, Inc. (NASDAQ: ESPR) shares climbed 23.2% to $1.8603. Esperion said that the FDA updated LDL-C lowering indication for NEXLETOL (bempedoic acid) tablet and NEXLIZET (bempedoic acid and ezetimibe) tablet.
Redfin Corporation (NASDAQ: RDFN) gained 21.8% to $10.26.
Codexis, Inc. (NASDAQ: CDXS) ...
Benzinga
