American Superconductor (AMSC) Reaches New 12-Month High at $15.31

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American Superconductor Co. (NASDAQ:AMSC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.31 and last traded at $15.05, with a volume of 4054 shares traded. The stock had previously closed at $15.08.

A number of brokerages have issued reports on AMSC. Oppenheimer boosted their price target on American Superconductor from $10.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded American Superconductor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, February 6th. B. Riley boosted their price target on American Superconductor to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 25th. TheStreet upgraded American Superconductor from a “d” rating to a “c+” rating in a research report on Friday, November 9th. Finally, Roth Capital boosted their price target on American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $14.20.

The stock has a market capitalization of $322.98 million, a PE ratio of -8.28 and a beta of 1.22.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Tuesday, February 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.18. The company had revenue of $14.13 million for the quarter, compared to analyst estimates of $15.13 million. American Superconductor had a negative return on equity of 25.54% and a net margin of 52.83%. On average, sell-side analysts expect that American Superconductor Co. will post -1.06 EPS for the current fiscal year.

In related news, CFO John W. Kosiba, Jr. sold 6,250 shares of the company’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $10.58, for a total transaction of $66,125.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Kosiba, Jr. sold 12,374 shares of the company’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $10.31, for a total value of $127,575.94. The disclosure for this sale can be found here. Insiders have sold 30,998 shares of company stock worth $321,277 over the last ninety days. 3.50% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Bruderman Asset Management LLC acquired a new position in American Superconductor during the fourth quarter valued at $25,000. Raymond James & Associates raised its position in American Superconductor by 28.7% during the fourth 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 during the period. Vanguard Group Inc. raised its position in American Superconductor by 2.1% during the third quarter. Vanguard Group Inc. now owns 754,598 shares of the technology company’s stock valued at $5,244,000 after buying an additional 15,850 shares during the period. Vanguard Group Inc raised its position in American Superconductor by 2.1% during the third quarter. Vanguard Group Inc now owns 754,598 shares of the technology company’s stock valued at $5,244,000 after buying an additional 15,850 shares during the period. Finally, First Trust Advisors LP raised its position in American Superconductor by 18.6% during the third quarter. First Trust Advisors LP now owns 110,716 shares of the technology company’s stock valued at $769,000 after buying an additional 17,344 shares during the period. 23.82% of the stock is currently owned by hedge funds and other institutional investors.

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About American Superconductor (NASDAQ:AMSC)

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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