American Superconductor (NASDAQ:AMSC) Trading Down 9.5% – Time to Sell?

American Superconductor Co. (NASDAQ:AMSC)’s share price traded down 9.5% on Monday . The stock traded as low as $17.56 and last traded at $17.43. 176,453 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,054,300 shares. The stock had previously closed at $19.25.

Analyst Ratings Changes

Separately, Oppenheimer upped their price objective on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Stock Performance

The company has a 50-day simple moving average of $26.61 and a 200-day simple moving average of $26.09. The company has a market cap of $732.77 million, a price-to-earnings ratio of 265.32 and a beta of 2.45.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. As a group, equities research analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On American Superconductor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of American Superconductor in the 4th quarter worth approximately $279,000. Palisades Investment Partners LLC grew its holdings in American Superconductor by 9.5% during the 4th quarter. Palisades Investment Partners LLC now owns 142,415 shares of the technology company’s stock valued at $3,507,000 after buying an additional 12,317 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Superconductor by 21.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,274 shares of the technology company’s stock valued at $1,805,000 after buying an additional 12,942 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Superconductor by 18.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,306 shares of the technology company’s stock valued at $549,000 after buying an additional 3,506 shares during the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in American Superconductor during the 4th quarter valued at $58,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.