American Superconductor (NASDAQ:AMSC - Get Free Report) announced its quarterly earnings data on Wednesday. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02, Zacks reports. American Superconductor had a negative net margin of 0.49% and a positive return on equity of 8.29%.
American Superconductor Stock Up 0.8 %
Shares of American Superconductor stock traded up $0.20 on Wednesday, hitting $25.52. The stock had a trading volume of 1,443,165 shares, compared to its average volume of 946,585. The stock's 50-day simple moving average is $27.77 and its two-hundred day simple moving average is $25.45. American Superconductor has a one year low of $10.19 and a one year high of $38.02. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -510.30 and a beta of 2.26.
Wall Street Analyst Weigh In
Separately, Oppenheimer upped their price target on shares of American Superconductor from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th.
Read Our Latest Stock Report on AMSC
About American Superconductor
(
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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.
Further Reading
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