American Superconductor Co. (NASDAQ:AMSC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $7.25 and last traded at $7.06, with a volume of 2126 shares trading hands. The stock had previously closed at $7.07.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of American Superconductor from a “hold” rating to a “sell” rating in a report on Thursday, June 14th. B. Riley lifted their target price on shares of American Superconductor from $6.00 to $7.00 and gave the company a “hold” rating in a report on Monday, June 11th. Finally, ValuEngine upgraded shares of American Superconductor from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. American Superconductor currently has an average rating of “Hold” and a consensus price target of $5.69.
The firm has a market capitalization of $142.86 million, a P/E ratio of -3.87 and a beta of 1.19.
American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, June 6th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.06. American Superconductor had a negative net margin of 67.71% and a negative return on equity of 59.31%. The firm had revenue of $13.50 million for the quarter, compared to analyst estimates of $14.53 million. During the same quarter in the previous year, the business posted ($0.51) EPS. The firm’s revenue was down 16.7% compared to the same quarter last year. sell-side analysts expect that American Superconductor Co. will post -1.07 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of AMSC. AWM Investment Company Inc. lifted its holdings in American Superconductor by 90.8% in the 4th quarter. AWM Investment Company Inc. now owns 1,151,252 shares of the technology company’s stock worth $4,179,000 after buying an additional 547,888 shares in the last quarter. Millennium Management LLC lifted its holdings in American Superconductor by 147.7% in the 1st quarter. Millennium Management LLC now owns 278,039 shares of the technology company’s stock worth $1,618,000 after buying an additional 165,813 shares in the last quarter. Anson Funds Management LP acquired a new position in American Superconductor in the 4th quarter worth $321,000. Wolverine Asset Management LLC lifted its holdings in American Superconductor by 30.4% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in American Superconductor in the 4th quarter worth $120,000. Hedge funds and other institutional investors own 24.31% of the company’s stock.
American Superconductor Company Profile
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates through 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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