Shares of American Superconductor Co. (NASDAQ:AMSC - Get Free Report) shot up 9.3% during mid-day trading on Monday . The company traded as high as $21.72 and last traded at $21.69. 125,144 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,062,874 shares. The stock had previously closed at $19.84.
Analyst Upgrades and Downgrades
Separately, Oppenheimer lifted their price objective on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th.
Read Our Latest Stock Analysis on AMSC
American Superconductor Stock Performance
The firm's 50 day moving average price is $24.87 and its two-hundred day moving average price is $26.03. The firm has a market cap of $745.40 million, a PE ratio of 269.97 and a beta of 2.45.
American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that American Superconductor Co. will post 0.41 earnings per share for the current year.
Institutional Investors Weigh In On American Superconductor
A number of institutional investors have recently modified their holdings of the company. Gen Wealth Partners Inc purchased a new position in American Superconductor during the 4th quarter valued at about $58,000. SBI Securities Co. Ltd. purchased a new position in shares of American Superconductor in the fourth quarter valued at approximately $65,000. Jones Financial Companies Lllp boosted its stake in shares of American Superconductor by 1,083.2% in 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. grew its holdings in shares of American Superconductor by 8,670.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in American Superconductor during the 3rd quarter worth approximately $88,000. 52.28% of the stock is owned by institutional investors and hedge funds.
American Superconductor Company Profile
(
Get Free Report)
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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