American Superconductor Co. (NASDAQ:AMSC - Get Free Report) traded down 11.1% on Thursday . The company traded as low as $28.33 and last traded at $27.95. 527,575 shares traded hands during trading, a decline of 55% from the average session volume of 1,181,543 shares. The stock had previously closed at $31.45.
Analysts Set New Price Targets
Separately, Oppenheimer increased their price target on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, February 7th.
Check Out Our Latest Stock Analysis on American Superconductor
American Superconductor Stock Performance
The company has a 50 day moving average of $27.65 and a 200-day moving average of $26.11. The stock has a market cap of $945.46 million, a price-to-earnings ratio of 342.33 and a beta of 2.26.
American Superconductor (NASDAQ:AMSC - Get Free Report) last posted 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%. On average, research analysts anticipate that American Superconductor Co. will post 0.41 EPS for the current year.
Hedge Funds Weigh In On American Superconductor
Several hedge funds have recently bought and sold shares of AMSC. Driehaus Capital Management LLC raised its position in American Superconductor by 18.0% in the 4th quarter. Driehaus Capital Management LLC now owns 942,698 shares of the technology company's stock valued at $23,219,000 after purchasing an additional 143,936 shares in the last quarter. State Street Corp raised its position in American Superconductor by 18.3% in the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company's stock valued at $21,388,000 after purchasing an additional 140,106 shares in the last quarter. Geode Capital Management LLC raised its position in American Superconductor by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 856,455 shares of the technology company's stock valued at $21,099,000 after purchasing an additional 9,043 shares in the last quarter. Dimensional Fund Advisors LP raised its position in American Superconductor by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 654,299 shares of the technology company's stock valued at $16,117,000 after purchasing an additional 46,354 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in American Superconductor in the 4th quarter valued at about $11,360,000. Institutional investors and hedge funds own 52.28% of the company's stock.
About American Superconductor
(
Get Free Report)
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.
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