Separately, Zacks Investment Research cut American Superconductor from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.20.
AMSC opened at $9.47 on Thursday. 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 stock has a market capitalization of $183.75 million, a price-to-earnings ratio of -11.99 and a beta of 1.05. The business has a 50-day moving average of $8.25 and a two-hundred day moving average of $9.33. American Superconductor has a 12 month low of $5.78 and a 12 month high of $16.44.
American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.04. The company had revenue of $13.77 million during the quarter, compared to analysts’ expectations of $10.95 million. American Superconductor had a negative return on equity of 22.93% and a net margin of 48.74%. During the same quarter in the previous year, the business earned ($0.18) EPS. Equities research analysts anticipate that American Superconductor will post -1.33 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMSC. WINTON GROUP Ltd acquired a new position in shares of American Superconductor in the 2nd quarter valued at about $175,000. Chicago Equity Partners LLC acquired a new position in shares of American Superconductor in the 2nd quarter valued at about $218,000. Stone Ridge Asset Management LLC acquired a new position in shares of American Superconductor in the 2nd quarter valued at about $206,000. JPMorgan Chase & Co. lifted its stake in shares of American Superconductor by 1,087.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,769 shares of the technology company’s stock valued at $51,000 after purchasing an additional 5,283 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of American Superconductor by 126.0% in the 2nd quarter. Alps Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $279,000 after purchasing an additional 16,762 shares in the last quarter. 45.80% of the stock is currently owned by institutional investors and hedge funds.
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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