American Superconductor (NASDAQ:AMSC) Posts Quarterly Earnings Results

American Superconductor (NASDAQ:AMSC) posted its earnings results on Wednesday. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.11, FiscalAI reports. The firm had revenue of $86.41 million for the quarter, compared to the consensus estimate of $82.10 million. American Superconductor had a return on equity of 37.97% and a net margin of 46.70%.

American Superconductor Price Performance

Shares of American Superconductor stock traded down $0.44 during trading on Wednesday, hitting $52.68. The stock had a trading volume of 1,811,633 shares, compared to its average volume of 1,156,000. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 17.98 and a beta of 3.28. American Superconductor has a 12 month low of $24.87 and a 12 month high of $70.49. The business’s 50-day moving average is $42.35 and its 200 day moving average is $35.45. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in shares of American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock worth $73,000 after purchasing an additional 1,000 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of American Superconductor by 275.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,625 shares of the technology company’s stock worth $76,000 after purchasing an additional 1,925 shares during the period. State of Wyoming bought a new position in shares of American Superconductor in the fourth quarter worth $87,000. Cim LLC bought a new position in shares of American Superconductor in the third quarter worth $275,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of American Superconductor in the third quarter worth $277,000. Institutional investors own 52.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMSC shares. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

American Superconductor Company Profile

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.