American Superconductor Co. (NASDAQ:AMSC) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.25.
Several equities analysts have recently issued reports on AMSC shares. ValuEngine raised shares of American Superconductor from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of American Superconductor from a “hold” rating to a “sell” rating in a report on Friday, September 6th.
AMSC stock traded down $0.10 during trading on Friday, hitting $8.84. 126,408 shares of the company’s stock traded hands, compared to its average volume of 172,853. The company has a quick ratio of 3.09, a current ratio of 3.50 and a debt-to-equity ratio of 0.04. American Superconductor has a 52 week low of $5.78 and a 52 week high of $16.44. The stock has a fifty day moving average price of $8.05 and a two-hundred day moving average price of $10.47.
American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.04. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.93%. The company had revenue of $13.77 million during the quarter, compared to the consensus estimate of $10.95 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Research analysts predict that American Superconductor will post -1.33 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in AMSC. Bank of Montreal Can lifted its holdings in American Superconductor by 175.3% in the second quarter. Bank of Montreal Can now owns 2,753 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,753 shares during the period. JPMorgan Chase & Co. lifted its holdings in American Superconductor by 1,087.0% in the second quarter. JPMorgan Chase & Co. now owns 5,769 shares of the technology company’s stock worth $51,000 after purchasing an additional 5,283 shares during the period. Royal Bank of Canada lifted its holdings in American Superconductor by 29.4% in the second quarter. Royal Bank of Canada now owns 12,669 shares of the technology company’s stock worth $118,000 after purchasing an additional 2,875 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in American Superconductor in the second quarter worth about $148,000. Finally, Bogle Investment Management L P DE acquired a new stake in American Superconductor in the second quarter worth about $171,000. 45.79% 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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