Advanced Energy Industries (NASDAQ:AEIS) Hits New 1-Year High at $72.55

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) reached a new 52-week high on Tuesday . The company traded as high as $72.55 and last traded at $72.55, with a volume of 1587 shares changing hands. The stock had previously closed at $71.60.

AEIS has been the subject of a number of recent research reports. ValuEngine lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $68.00 in a research report on Monday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $75.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, December 18th. TheStreet downgraded Advanced Energy Industries from a “b-” rating to a “c+” rating in a research report on Tuesday, November 12th. Finally, Cowen raised their price target on Advanced Energy Industries from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.60.

The company has a market capitalization of $2.74 billion, a P/E ratio of 17.68 and a beta of 1.57. The business has a 50-day moving average of $68.53 and a 200-day moving average of $58.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.47 and a quick ratio of 1.80.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, November 12th. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.22. Advanced Energy Industries had a return on equity of 13.00% and a net margin of 12.25%. The company had revenue of $175.10 million during the quarter, compared to the consensus estimate of $153.03 million. During the same period last year, the company earned $1.05 earnings per share. Advanced Energy Industries’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.12 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV bought a new stake in shares of Advanced Energy Industries during the third quarter worth $34,000. Private Capital Group LLC lifted its position in shares of Advanced Energy Industries by 280.0% during the second quarter. Private Capital Group LLC now owns 646 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 476 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Advanced Energy Industries during the second quarter worth $62,000. Cerebellum GP LLC bought a new stake in shares of Advanced Energy Industries during the third quarter worth $122,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Advanced Energy Industries during the third quarter worth $200,000. Institutional investors and hedge funds own 99.58% of the company’s stock.

About Advanced Energy Industries (NASDAQ:AEIS)

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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