American Superconductor Co. (NASDAQ:AMSC) CFO John W. Kosiba, Jr. bought 5,000 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $4.62 per share, for a total transaction of $23,100.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of American Superconductor Co. (NASDAQ AMSC) traded down $0.07 on Friday, hitting $4.61. 58,295 shares of the company’s stock traded hands, compared to its average volume of 358,882. American Superconductor Co. has a one year low of $2.89 and a one year high of $7.75. The firm has a market capitalization of $96.52, a PE ratio of -2.31 and a beta of 1.31.
American Superconductor (NASDAQ:AMSC) last announced its earnings results on Monday, February 5th. The technology company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.17. American Superconductor had a negative net margin of 65.96% and a negative return on equity of 60.92%. The company had revenue of $14.90 million during the quarter, compared to analysts’ expectations of $17.19 million. During the same period last year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was down 45.0% on a year-over-year basis. equities research analysts forecast that American Superconductor Co. will post -1.89 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on AMSC shares. Zacks Investment Research lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley restated a “hold” rating and set a $6.00 price objective on shares of American Superconductor in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.72.
Several institutional investors and hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. boosted its holdings in shares of American Superconductor by 22.7% in the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock worth $7,018,000 after buying an additional 280,879 shares during the period. Ardsley Advisory Partners boosted its holdings in shares of American Superconductor by 413.3% in the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock worth $6,436,000 after buying an additional 1,119,200 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of American Superconductor by 30.4% in the fourth quarter. Wolverine Asset Management LLC now owns 237,369 shares of the technology company’s stock worth $861,000 after buying an additional 55,375 shares during the period. Anson Funds Management LP acquired a new position in shares of American Superconductor in the fourth quarter worth about $321,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of American Superconductor by 84.5% during the third quarter. Dimensional Fund Advisors LP now owns 69,175 shares of the technology company’s stock worth $314,000 after purchasing an additional 31,679 shares during the period. Institutional investors own 28.68% of the company’s stock.
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American Superconductor 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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