American Superconductor Co. (NASDAQ:AMSC - Get Free Report) rose 8.5% during trading on Friday . The stock traded as high as $27.97 and last traded at $27.71. Approximately 160,914 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 543,078 shares. The stock had previously closed at $25.55.
Analyst Ratings Changes
Several equities analysts have issued reports on AMSC shares. Craig Hallum restated a "buy" rating and set a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th. Roth Mkm restated a "buy" rating and issued a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th.
Get Our Latest Stock Report on American Superconductor
American Superconductor Stock Up 12.3 %
The business has a fifty day simple moving average of $29.18 and a two-hundred day simple moving average of $25.28. The company has a market cap of $1.13 billion, a P/E ratio of -573.49 and a beta of 2.28.
Institutional Trading of American Superconductor
Several large investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of American Superconductor by 2.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,146 shares of the technology company's stock worth $916,000 after buying an additional 828 shares during the period. Amalgamated Bank bought a new stake in American Superconductor during the 2nd quarter worth approximately $28,000. nVerses Capital LLC bought a new stake in American Superconductor during the 2nd quarter worth approximately $42,000. CWM LLC purchased a new position in American Superconductor during the third quarter valued at approximately $57,000. Finally, Quest Partners LLC bought a new position in shares of American Superconductor in the third quarter worth approximately $88,000. 52.28% of the stock is currently owned by institutional investors.
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.
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