Aspen Aerogels, Inc. (NYSE:ASPN – Get Free Report) CFO Ricardo C. Rodriguez sold 32,465 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $30.14, for a total transaction of $978,495.10. Following the completion of the transaction, the chief financial officer now owns 20,790 shares of the company’s stock, valued at $626,610.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Aspen Aerogels Price Performance
Shares of ASPN stock traded down $1.24 during trading hours on Wednesday, hitting $28.68. 1,125,200 shares of the company’s stock were exchanged, compared to its average volume of 1,278,905. The company has a market capitalization of $2.18 billion, a PE ratio of -68.00 and a beta of 2.15. Aspen Aerogels, Inc. has a 12-month low of $5.70 and a 12-month high of $33.15. The business’s 50 day simple moving average is $24.57 and its 200-day simple moving average is $22.13. The company has a current ratio of 4.01, a quick ratio of 3.29 and a debt-to-equity ratio of 0.24.
Aspen Aerogels (NYSE:ASPN – Get Free Report) last issued its earnings results on Wednesday, August 7th. The construction company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.05 by $0.16. Aspen Aerogels had a negative net margin of 10.73% and a negative return on equity of 6.35%. The company had revenue of $117.80 million for the quarter, compared to the consensus estimate of $101.99 million. During the same period in the previous year, the firm earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 144.4% on a year-over-year basis. On average, equities research analysts anticipate that Aspen Aerogels, Inc. will post 0.12 earnings per share for the current year.
Analyst Ratings Changes
Get Our Latest Analysis on ASPN
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise increased its stake in shares of Aspen Aerogels by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock worth $81,000 after buying an additional 1,252 shares during the period. Point72 Hong Kong Ltd purchased a new position in Aspen Aerogels during the 2nd quarter valued at $84,000. nVerses Capital LLC purchased a new position in Aspen Aerogels during the 2nd quarter valued at $95,000. Point72 DIFC Ltd purchased a new position in Aspen Aerogels during the 2nd quarter valued at $121,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Aspen Aerogels during the 2nd quarter valued at $145,000. 97.64% of the stock is owned by hedge funds and other institutional investors.
Aspen Aerogels Company Profile
Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.
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