American Superconductor Corporation (AMSC) Stock Price Up -6.5%

American Superconductor Corporation (NASDAQ:AMSC)’s share price rose 6.5% on Friday . The stock traded as high as $4.42 and last traded at $3.90. Approximately 98,637 shares were traded during trading, a decline of 49% from the average daily volume of 193,333 shares. The stock had previously closed at $4.17.

AMSC has been the subject of several research reports. FBR & Co restated a “buy” rating and set a $9.00 price target on shares of American Superconductor Corporation in a research report on Friday, May 26th. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of American Superconductor Corporation in a research report on Monday, May 29th. Cowen and Company restated a “buy” rating and set a $6.00 price target (down previously from $7.50) on shares of American Superconductor Corporation in a research report on Wednesday, August 9th. ValuEngine lowered shares of American Superconductor Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of American Superconductor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. American Superconductor Corporation has a consensus rating of “Hold” and a consensus target price of $7.43.

The company’s market capitalization is $73.90 million. The firm’s 50-day moving average is $3.55 and its 200-day moving average is $4.90.

American Superconductor Corporation (NASDAQ:AMSC) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.97) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.06) by $0.09. The business had revenue of $8.92 million during the quarter, compared to the consensus estimate of $8.46 million. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The business’s quarterly revenue was down 33.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.64) EPS. Equities research analysts forecast that American Superconductor Corporation will post ($2.25) EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. grew its stake in shares of American Superconductor Corporation by 22.7% during the 2nd quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock valued at $7,018,000 after purchasing an additional 280,879 shares during the period. Manatuck Hill Partners LLC bought a new stake in shares of American Superconductor Corporation during the 2nd quarter valued at about $1,617,000. Dimensional Fund Advisors LP grew its stake in shares of American Superconductor Corporation by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,600 shares during the period. Royce & Associates LP grew its stake in shares of American Superconductor Corporation by 114.3% during the 2nd quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock valued at $1,706,000 after purchasing an additional 197,000 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of American Superconductor Corporation during the 2nd quarter valued at about $169,000. Institutional investors and hedge funds own 35.19% of the company’s stock.

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American Superconductor Corporation Company Profile

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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