Range Financial Group LLC Invests $1.04 Million in American Superconductor Co. (NASDAQ:AMSC)

Range Financial Group LLC purchased a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,018 shares of the technology company's stock, valued at approximately $1,035,000. Range Financial Group LLC owned approximately 0.11% of American Superconductor as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMSC. Amalgamated Bank acquired a new position in shares of American Superconductor in the 2nd quarter worth approximately $28,000. CWM LLC bought a new position in American Superconductor in the 3rd quarter valued at $57,000. Quest Partners LLC acquired a new position in American Superconductor in the third quarter worth $88,000. Canada Pension Plan Investment Board acquired a new stake in shares of American Superconductor in the second quarter valued at $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Superconductor in the third quarter valued at $277,000. 52.28% of the stock is owned by institutional investors.

American Superconductor Stock Down 2.0 %

AMSC stock traded down $0.59 during midday trading on Tuesday, reaching $28.55. The stock had a trading volume of 1,002,299 shares, compared to its average volume of 1,158,225. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -570.89 and a beta of 2.28. American Superconductor Co. has a twelve month low of $9.37 and a twelve month high of $38.02. The business has a fifty day simple moving average of $29.27 and a two-hundred day simple moving average of $25.32.

Analyst Upgrades and Downgrades

AMSC has been the topic of a number of research analyst reports. Craig Hallum reissued a "buy" rating and set a $33.00 price objective on shares of American Superconductor in a report on Tuesday, September 10th. Roth Mkm reissued a "buy" rating and set a $29.00 price target on shares of American Superconductor in a research note on Monday, September 30th.

American Superconductor Profile

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.