American Superconductor (NASDAQ:AMSC) Shares Down 8.8% - Time to Sell?

American Superconductor Co. (NASDAQ:AMSC - Get Free Report)'s share price traded down 8.8% on Monday . The stock traded as low as $20.67 and last traded at $20.72. 629,442 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 1,206,730 shares. The stock had previously closed at $22.71.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their price target on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.

American Superconductor Stock Up 0.8 %

The firm has a 50-day moving average of $27.14 and a two-hundred day moving average of $26.12. The stock has a market capitalization of $794.96 million, a price-to-earnings ratio of 289.76 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. As a group, sell-side analysts predict that American Superconductor Co. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On American Superconductor

Institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in shares of American Superconductor during the fourth quarter worth $279,000. Palisades Investment Partners LLC raised its stake in shares of American Superconductor by 9.5% during the 4th quarter. Palisades Investment Partners LLC now owns 142,415 shares of the technology company's stock worth $3,507,000 after purchasing an additional 12,317 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in American Superconductor by 21.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,274 shares of the technology company's stock worth $1,805,000 after buying an additional 12,942 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of American Superconductor by 18.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,306 shares of the technology company's stock valued at $549,000 after purchasing an additional 3,506 shares in the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in shares of American Superconductor in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 52.28% of the company's stock.

About American Superconductor

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.