ValuEngine cut shares of American Superconductor (NASDAQ:AMSC) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
A number of other analysts have also recently commented on the stock. B. Riley restated a hold rating and set a $6.00 target price on shares of American Superconductor in a report on Thursday, January 25th. Zacks Investment Research cut shares of American Superconductor from a buy rating to a hold rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. American Superconductor has a consensus rating of Hold and a consensus price target of $6.72.
Shares of American Superconductor (AMSC) opened at $5.06 on Wednesday. American Superconductor has a fifty-two week low of $2.89 and a fifty-two week high of $7.75. The company has a market cap of $106.36, a price-to-earnings ratio of -2.53 and a beta of 1.32.
A number of institutional investors have recently made changes to their positions in the stock. Anson Funds Management LP bought a new position in American Superconductor in the 4th quarter worth about $321,000. Wolverine Asset Management LLC boosted its stake in American Superconductor by 30.4% in the 4th quarter. Wolverine Asset Management LLC now owns 237,369 shares of the technology company’s stock worth $861,000 after purchasing an additional 55,375 shares in the last quarter. AWM Investment Company Inc. boosted its stake in American Superconductor by 90.8% in the 4th quarter. AWM Investment Company Inc. now owns 1,151,252 shares of the technology company’s stock worth $4,179,000 after purchasing an additional 547,888 shares in the last quarter. Wedbush Securities Inc. raised its position in American Superconductor by 24.8% in the 4th 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. Finally, Bank of New York Mellon Corp purchased a new position in American Superconductor in the 4th quarter worth about $120,000. Institutional investors own 25.37% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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