Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $7.17 and last traded at $7.19, with a volume of 2130869 shares changing hands. The stock had previously closed at $7.61.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Roth Mkm cut their target price on shares of Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, February 14th. TD Cowen assumed coverage on Aspen Aerogels in a report on Friday. They issued a "buy" rating and a $11.00 price objective for the company. Barclays cut their price target on Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Seaport Res Ptn cut shares of Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group dropped their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Aspen Aerogels currently has a consensus rating of "Moderate Buy" and an average price target of $19.11.
View Our Latest Stock Report on Aspen Aerogels
Aspen Aerogels Price Performance
The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $17.11. The firm has a market cap of $648.66 million, a PE ratio of 49.42 and a beta of 2.14.
Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. Equities analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aspen Aerogels
Several institutional investors have recently bought and sold shares of ASPN. Sandia Investment Management LP bought a new position in shares of Aspen Aerogels during the 4th quarter valued at approximately $89,000. AlphaQuest LLC grew its stake in shares of Aspen Aerogels by 54.0% in the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock worth $135,000 after buying an additional 3,998 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Aspen Aerogels in the 4th quarter worth about $164,000. Connors Investor Services Inc. purchased a new stake in shares of Aspen Aerogels during the 4th quarter valued at about $168,000. Finally, Journey Strategic Wealth LLC bought a new position in shares of Aspen Aerogels in the 4th quarter valued at about $178,000. 97.64% of the stock is owned by hedge funds and other institutional investors.
Aspen Aerogels Company Profile
(
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Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.
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