American Superconductor Co. (NASDAQ:AMSC - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.80, but opened at $14.04. American Superconductor shares last traded at $14.49, with a volume of 89,745 shares.
Analyst Upgrades and Downgrades
Separately, Oppenheimer boosted their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.
Read Our Latest Report on American Superconductor
American Superconductor Trading Up 3.1 %
The firm has a market cap of $710.28 million, a price-to-earnings ratio of 257.18 and a beta of 2.58. The business's 50-day simple moving average is $22.33 and its two-hundred day simple moving average is $25.62.
American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. On average, analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.
Institutional Investors Weigh In On American Superconductor
Several large investors have recently added to or reduced their stakes in the business. Gen Wealth Partners Inc acquired a new stake in shares of American Superconductor during the 4th quarter worth approximately $58,000. SBI Securities Co. Ltd. bought a new stake in American Superconductor in the fourth quarter valued at $65,000. Jones Financial Companies Lllp raised its holdings in shares of American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,708 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of American Superconductor by 3,089.8% during the first quarter. GAMMA Investing LLC now owns 8,453 shares of the technology company's stock valued at $153,000 after acquiring an additional 8,188 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company's stock.
American Superconductor Company Profile
(
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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.
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