American Superconductor Co. (NASDAQ:AMSC - Get Free Report) traded down 3.9% on Tuesday . The company traded as low as $25.20 and last traded at $25.30. 304,372 shares were traded during mid-day trading, a decline of 66% from the average session volume of 890,552 shares. The stock had previously closed at $26.32.
Analyst Upgrades and Downgrades
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 report on Tuesday, January 28th.
View Our Latest Report on American Superconductor
American Superconductor Stock Performance
The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -684.66 and a beta of 2.26. The stock's fifty day simple moving average is $27.64 and its two-hundred day simple moving average is $25.45.
American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a negative net margin of 0.49% and a positive return on equity of 8.29%. On average, equities analysts anticipate that American Superconductor Co. will post 0.37 EPS for the current fiscal year.
Hedge Funds Weigh In On American Superconductor
A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in American Superconductor during the third quarter valued at approximately $10,246,000. Raymond James Financial Inc. acquired a new position in American Superconductor during the fourth quarter valued at approximately $10,188,000. Charles Schwab Investment Management Inc. grew its holdings in American Superconductor by 211.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock valued at $7,187,000 after purchasing an additional 206,655 shares during the last quarter. State Street Corp grew its holdings in American Superconductor by 18.3% during the third 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 during the last quarter. Finally, KBC Group NV acquired a new position in American Superconductor during the fourth quarter valued at approximately $2,492,000. 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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