Aspen Aerogels (NYSE:ASPN) Reaches New 1-Year Low – Here’s Why

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) hit a new 52-week low on Thursday . The company traded as low as $6.13 and last traded at $6.41, with a volume of 996306 shares traded. The stock had previously closed at $6.35.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group decreased their target price on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 14th. Seaport Res Ptn lowered shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. B. Riley cut their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, February 19th. Finally, Craig Hallum cut their price objective on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

Aspen Aerogels Stock Up 0.9 %

The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $8.71 and its 200-day moving average price is $14.33. The stock has a market capitalization of $526.29 million, a PE ratio of 40.07 and a beta of 2.28.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. Analysts forecast that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Aspen Aerogels by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock valued at $51,800,000 after acquiring an additional 226,251 shares in the last quarter. FMR LLC boosted its stake in Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after purchasing an additional 773,647 shares during the last quarter. Oaktop Capital Management II L.P. increased its holdings in shares of Aspen Aerogels by 5.6% in the 4th quarter. Oaktop Capital Management II L.P. now owns 3,740,525 shares of the construction company’s stock worth $44,437,000 after purchasing an additional 200,000 shares in the last quarter. Needham Investment Management LLC raised its stake in shares of Aspen Aerogels by 5.2% in the fourth quarter. Needham Investment Management LLC now owns 2,389,700 shares of the construction company’s stock worth $28,390,000 after purchasing an additional 117,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Aspen Aerogels by 25.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock worth $23,983,000 after purchasing an additional 409,862 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

About Aspen Aerogels

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.