American Superconductor (NASDAQ:AMSC) Rating Lowered to Hold at ValuEngine

American Superconductor (NASDAQ:AMSC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

AMSC has been the subject of several other research reports. Zacks Investment Research raised shares of American Superconductor from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. BidaskClub downgraded shares of American Superconductor from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.20.

NASDAQ AMSC traded down $0.45 during mid-day trading on Thursday, hitting $8.06. The company’s stock had a trading volume of 252,079 shares, compared to its average volume of 170,692. American Superconductor has a 52-week low of $5.52 and a 52-week high of $16.44. The company has a fifty day moving average price of $9.01.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, June 5th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.02). American Superconductor had a net margin of 47.61% and a negative return on equity of 22.58%. The firm had revenue of $14.59 million during the quarter, compared to analyst estimates of $14.85 million. During the same period last year, the business earned ($0.25) EPS. As a group, sell-side analysts anticipate that American Superconductor will post -1.06 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Psagot Investment House Ltd. grew its position in American Superconductor by 413.6% in the first quarter. Psagot Investment House Ltd. now owns 2,008 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,617 shares in the last quarter. Alps Advisors Inc. acquired a new stake in American Superconductor in the first quarter valued at approximately $171,000. WINTON GROUP Ltd acquired a new stake in American Superconductor in the second quarter valued at approximately $175,000. Raymond James & Associates grew its position in shares of American Superconductor by 28.7% during the fourth quarter. Raymond James & Associates now owns 19,333 shares of the technology company’s stock worth $216,000 after buying an additional 4,311 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of American Superconductor during the second quarter worth approximately $218,000. 42.57% of the stock is owned by institutional investors.

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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