American Superconductor (NASDAQ:AMSC) Trading Up 5.9%

American Superconductor Co. (NASDAQ:AMSC)’s share price was up 5.9% on Friday . The stock traded as high as $9.35 and last traded at $9.28. Approximately 2,582,613 shares traded hands during trading, an increase of 613% from the average daily volume of 362,303 shares. The stock had previously closed at $8.76.

Several research analysts have recently weighed in on AMSC shares. BidaskClub cut shares of American Superconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th. Zacks Investment Research upgraded shares of American Superconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 25th. Finally, ValuEngine cut shares of American Superconductor from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. American Superconductor currently has a consensus rating of “Hold” and a consensus target price of $14.20.

The firm’s 50 day simple moving average is $9.67.

American Superconductor (NASDAQ:AMSC) last released its 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). American Superconductor had a net margin of 47.61% and a negative return on equity of 22.58%. The firm had revenue of $14.59 million for the quarter, compared to analysts’ expectations of $14.85 million. During the same quarter last year, the firm posted ($0.25) EPS. As a group, equities research analysts forecast that American Superconductor Co. will post -1.06 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMSC. Bruderman Asset Management LLC purchased a new position in shares of American Superconductor during the 4th quarter valued at $25,000. Psagot Investment House Ltd. lifted its stake in American Superconductor by 413.6% in the 1st quarter. Psagot Investment House Ltd. now owns 2,008 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,617 shares in the last quarter. Alps Advisors Inc. purchased a new stake in American Superconductor in the 1st quarter worth $171,000. Raymond James & Associates lifted its stake in American Superconductor by 28.7% in the 4th quarter. Raymond James & Associates now owns 19,333 shares of the technology company’s stock worth $216,000 after purchasing an additional 4,311 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its stake in American Superconductor by 9.9% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 37,270 shares of the technology company’s stock worth $479,000 after purchasing an additional 3,350 shares in the last quarter. Institutional investors own 42.81% of the company’s stock.

American Superconductor Company Profile (NASDAQ:AMSC)

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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