American Superconductor Co. (NASDAQ:AMSC) Receives $14.25 Consensus Target Price from Analysts

Shares of American Superconductor Co. (NASDAQ:AMSC) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.25.

Several analysts have weighed in on the stock. ValuEngine cut shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of American Superconductor from a “hold” rating to a “sell” rating in a research note on Friday, August 16th.

American Superconductor stock traded up $0.35 during midday trading on Wednesday, hitting $8.20. The company’s stock had a trading volume of 130,200 shares, compared to its average volume of 324,764. American Superconductor has a 1-year low of $5.52 and a 1-year high of $16.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.50 and a quick ratio of 3.09. The company has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $11.23. The company has a market cap of $170.81 million, a price-to-earnings ratio of -10.38 and a beta of 1.01.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.04. American Superconductor had a net margin of 48.74% and a negative return on equity of 22.93%. The business had revenue of $13.77 million during the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the previous year, the company earned ($0.18) EPS. Sell-side analysts forecast that American Superconductor will post -1.33 EPS for the current year.

Several large investors have recently modified their holdings of the company. Psagot Investment House Ltd. raised its position in shares of American Superconductor by 413.6% in the 1st quarter. Psagot Investment House Ltd. now owns 2,008 shares of the technology company’s stock valued at $26,000 after buying an additional 1,617 shares in the last quarter. Bank of Montreal Can raised its position in shares of American Superconductor by 175.3% in the 2nd quarter. Bank of Montreal Can now owns 2,753 shares of the technology company’s stock valued at $25,000 after buying an additional 1,753 shares in the last quarter. Royal Bank of Canada raised its position in shares of American Superconductor by 29.4% in the 2nd quarter. Royal Bank of Canada now owns 12,669 shares of the technology company’s stock valued at $118,000 after buying an additional 2,875 shares in the last quarter. Cookson Peirce & Co. Inc. raised its position in shares of American Superconductor by 9.9% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 37,270 shares of the technology company’s stock valued at $479,000 after buying an additional 3,350 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of American Superconductor by 28.7% in the 4th quarter. Raymond James & Associates now owns 19,333 shares of the technology company’s stock valued at $216,000 after buying an additional 4,311 shares in the last quarter. Institutional investors own 49.43% of the company’s stock.

About American Superconductor

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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