American Superconductor Co. (NASDAQ:AMSC) has earned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.25.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of American Superconductor from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. ValuEngine upgraded shares of American Superconductor from a “hold” rating to a “buy” rating in a research note on Wednesday.
Several institutional investors have recently modified their holdings of AMSC. BlackRock Inc. increased its holdings in American Superconductor by 269.8% in the second quarter. BlackRock Inc. now owns 1,316,887 shares of the technology company’s stock valued at $12,221,000 after buying an additional 960,760 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of American Superconductor by 55.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,157,933 shares of the technology company’s stock worth $10,746,000 after purchasing an additional 415,286 shares during the last quarter. AWM Investment Company Inc. lifted its position in shares of American Superconductor by 2.1% during the 2nd quarter. AWM Investment Company Inc. now owns 1,099,828 shares of the technology company’s stock worth $10,206,000 after purchasing an additional 22,560 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of American Superconductor by 14.7% during the 2nd quarter. Vanguard Group Inc. now owns 862,623 shares of the technology company’s stock worth $8,005,000 after purchasing an additional 110,545 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of American Superconductor by 5.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 564,804 shares of the technology company’s stock worth $5,241,000 after purchasing an additional 28,272 shares during the last quarter. 45.79% of the stock is owned by hedge funds and other institutional investors.
AMSC traded up $0.08 during trading on Friday, hitting $9.02. The stock had a trading volume of 6,614 shares, compared to its average volume of 152,437. The company has a market capitalization of $194.56 million, a PE ratio of -11.39 and a beta of 1.11. American Superconductor has a twelve month low of $5.78 and a twelve month high of $16.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.09 and a current ratio of 3.50. The stock has a 50 day simple moving average of $8.05 and a two-hundred day simple moving average of $10.50.
American Superconductor (NASDAQ:AMSC) last announced its earnings results on Tuesday, August 6th. The technology company reported ($0.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.04. The company had revenue of $13.77 million during the quarter, compared to the consensus estimate of $10.95 million. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.93%. During the same period last year, the firm earned ($0.18) earnings per share. On average, equities research analysts anticipate that American Superconductor will post -1.33 EPS for the current year.
About American Superconductor
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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