Aspen Aerogels (NYSE:ASPN) posted its quarterly earnings results on Thursday. The construction company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.01), MarketWatch Earnings reports. The firm had revenue of $24.64 million for the quarter, compared to the consensus estimate of $22.60 million. Aspen Aerogels had a negative net margin of 8.97% and a negative return on equity of 19.28%. Aspen Aerogels updated its FY 2020
After-Hours guidance to -0.67–0.55 EPS.
ASPN stock traded down $0.27 during trading on Friday, reaching $6.35. The company had a trading volume of 217,833 shares, compared to its average volume of 94,886. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.55 and a quick ratio of 1.82. Aspen Aerogels has a 52 week low of $4.09 and a 52 week high of $10.71. The business has a 50 day moving average of $6.50 and a 200 day moving average of $7.12. The company has a market cap of $176.05 million, a P/E ratio of -13.51 and a beta of 1.63.
A number of research firms have issued reports on ASPN. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Aspen Aerogels in a research report on Friday. Canaccord Genuity restated a “buy” rating and set a $10.00 price target on shares of Aspen Aerogels in a report on Friday. Zacks Investment Research lowered Aspen Aerogels from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, B. Riley cut their price objective on Aspen Aerogels from $13.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.04.
Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.
Featured Article: Do equity income investments outperform growth and income investments?
Receive News & Ratings for Aspen Aerogels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Aerogels and related companies with MarketBeat.com's FREE daily email newsletter.