Shares of American Superconductor Co. (NASDAQ:AMSC) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.14.
AMSC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley reissued a “hold” rating and set a $6.00 price target on shares of American Superconductor in a research report on Thursday, January 25th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in American Superconductor by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after buying an additional 2,600 shares during the last quarter. Wedbush Securities Inc. increased its holdings in American Superconductor by 24.8% during the fourth quarter. Wedbush Securities Inc. now owns 57,660 shares of the technology company’s stock worth $209,000 after buying an additional 11,453 shares during the last quarter. GMT Capital Corp purchased a new stake in American Superconductor during the third quarter worth about $141,000. Bank of New York Mellon Corp purchased a new stake in American Superconductor during the fourth quarter worth about $120,000. Finally, Wolverine Asset Management LLC increased its holdings in American Superconductor by 30.4% during the fourth quarter. Wolverine Asset Management LLC now owns 237,369 shares of the technology company’s stock worth $861,000 after buying an additional 55,375 shares during the last quarter. Institutional investors and hedge funds own 31.92% of the company’s stock.
American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Monday, February 5th. The technology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.17. American Superconductor had a negative net margin of 65.96% and a negative return on equity of 60.92%. The company had revenue of $14.90 million for the quarter, compared to analyst estimates of $17.19 million. During the same period last year, the firm earned ($0.21) earnings per share. The firm’s revenue was down 45.0% on a year-over-year basis. analysts predict that American Superconductor will post -1.89 EPS for the current year.
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About American Superconductor
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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