American Superconductor (NASDAQ:AMSC) released its quarterly earnings results on Wednesday, June 5th. The technology company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), RTT News reports. The business had revenue of $14.59 million for the quarter, compared to the consensus estimate of $14.85 million. American Superconductor had a net margin of 47.61% and a negative return on equity of 22.58%. During the same quarter in the prior year, the business posted ($0.25) EPS. American Superconductor updated its Q1 2019 guidance to $-0.35 EPS.
AMSC traded up $0.52 during trading on Friday, hitting $9.28. The stock had a trading volume of 2,582,600 shares, compared to its average volume of 362,302. The stock has a market capitalization of $182.20 million, a price-to-earnings ratio of -11.75 and a beta of 1.07. American Superconductor has a 12 month low of $4.84 and a 12 month high of $16.44. The company has a 50 day simple moving average of $9.67.
Several brokerages recently commented on AMSC. ValuEngine downgraded shares of American Superconductor from a “strong-buy” rating to a “buy” rating in a report on Monday, April 29th. BidaskClub downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Zacks Investment Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.20.
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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