Press coverage about American Superconductor Corporation (NASDAQ:AMSC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. American Superconductor Corporation earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.8880001347543 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have issued reports on AMSC shares. FBR & Co reaffirmed a “buy” rating and set a $11.00 price target on shares of American Superconductor Corporation in a research note on Tuesday, July 4th. Zacks Investment Research lowered American Superconductor Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $6.00 price target (down previously from $7.50) on shares of American Superconductor Corporation in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. American Superconductor Corporation presently has a consensus rating of “Buy” and a consensus price target of $7.04.
American Superconductor Corporation (NASDAQ:AMSC) traded up 2.86% on Friday, hitting $4.32. The stock had a trading volume of 45,623 shares. The firm’s market cap is $82.92 million. The company’s 50 day moving average price is $4.35 and its 200 day moving average price is $4.38. American Superconductor Corporation has a 52-week low of $2.89 and a 52-week high of $8.55.
American Superconductor Corporation (NASDAQ:AMSC) last announced its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.97) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.06) by $0.09. American Superconductor Corporation had a negative net margin of 45.60% and a negative return on equity of 54.39%. The company had revenue of $8.92 million for the quarter, compared to the consensus estimate of $8.46 million. During the same period in the prior year, the firm posted ($0.64) EPS. The company’s quarterly revenue was down 33.2% compared to the same quarter last year. Analysts expect that American Superconductor Corporation will post ($2.24) EPS for the current year.
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American Superconductor Corporation Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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