Shares of American Superconductor Corporation (NASDAQ:AMSC) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.33.
A number of equities analysts have recently issued reports on AMSC shares. HC Wainwright set a $8.00 target price on American Superconductor Corporation and gave the stock a “buy” rating in a research note on Friday, April 28th. FBR & Co downgraded American Superconductor Corporation from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $9.00 to $6.00 in a research note on Friday, July 21st. Roth Capital set a $10.00 target price on American Superconductor Corporation and gave the stock a “buy” rating in a research note on Friday, May 26th. Zacks Investment Research downgraded American Superconductor Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Rodman & Renshaw reissued a “buy” rating and set a $7.50 target price (down from $10.00) on shares of American Superconductor Corporation in a research note on Friday, April 28th.
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Several large investors have recently added to or reduced their stakes in AMSC. First Manhattan Co. boosted its stake in American Superconductor Corporation by 9.6% in the first quarter. First Manhattan Co. now owns 15,369 shares of the technology company’s stock worth $107,000 after buying an additional 1,350 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in American Superconductor Corporation during the fourth quarter worth $166,000. LMR Partners LLP purchased a new stake in American Superconductor Corporation during the second quarter worth $169,000. Dimensional Fund Advisors LP boosted its stake in American Superconductor Corporation by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after buying an additional 2,600 shares in the last quarter. Finally, GMT Capital Corp purchased a new stake in American Superconductor Corporation during the first quarter worth $213,000. Institutional investors and hedge funds own 31.21% of the company’s stock.
Shares of American Superconductor Corporation (AMSC) opened at 3.23 on Friday. The firm’s market capitalization is $60.05 million. American Superconductor Corporation has a one year low of $2.89 and a one year high of $8.55. The firm has a 50-day moving average price of $3.91 and a 200 day moving average price of $5.32.
American Superconductor Corporation (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.97) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.06) by $0.09. The firm had revenue of $8.92 million during the quarter, compared to the consensus estimate of $8.46 million. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The firm’s revenue was down 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.64) EPS. Equities analysts forecast that American Superconductor Corporation will post ($2.25) earnings per share for the current fiscal year.
About American Superconductor Corporation
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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