American Superconductor (NASDAQ:AMSC) Trading Down 9.5% - Should You Sell?

Shares of American Superconductor Co. (NASDAQ:AMSC - Get Free Report) traded down 9.5% during trading on Monday . The stock traded as low as $17.56 and last traded at $17.43. 176,453 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,054,300 shares. The stock had previously closed at $19.25.

Analyst Ratings Changes

Separately, Oppenheimer raised their target price 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.

American Superconductor Trading Up 4.9 %

The stock has a market cap of $771.68 million, a price-to-earnings ratio of 280.47 and a beta of 2.45. The firm's 50 day moving average is $26.36 and its two-hundred day moving average is $25.99.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data 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 net margin of 1.64% and a return on equity of 8.95%. As a group, equities analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

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Hedge Funds Weigh In On American Superconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in American Superconductor in the third quarter valued at about $485,000. Quest Partners LLC bought a new stake in shares of American Superconductor in the 3rd quarter worth about $88,000. Charles Schwab Investment Management Inc. raised its stake in shares of American Superconductor by 211.1% in the 3rd 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of American Superconductor during the third quarter worth about $1,207,000. Finally, FMR LLC grew its stake in American Superconductor by 828.6% in the third quarter. FMR LLC now owns 14,690 shares of the technology company's stock worth $347,000 after purchasing an additional 13,108 shares in the last quarter. 52.28% of the stock is owned by hedge funds and other institutional investors.

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.