Separately, HC Wainwright restated a buy rating and set a $10.00 price target on shares of Aspen Aerogels in a report on Friday, August 2nd.
Aspen Aerogels stock opened at $6.37 on Monday. The firm’s fifty day simple moving average is $6.63. The company has a current ratio of 1.60, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08. Aspen Aerogels has a 1-year low of $1.60 and a 1-year high of $7.50.
Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of Aspen Aerogels by 8.2% during the 2nd quarter. Morgan Stanley now owns 83,203 shares of the construction company’s stock valued at $593,000 after purchasing an additional 6,288 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Aspen Aerogels by 30.5% during the 4th quarter. Deutsche Bank AG now owns 66,400 shares of the construction company’s stock valued at $141,000 after purchasing an additional 15,500 shares in the last quarter. Royce & Associates LP grew its stake in Aspen Aerogels by 2.4% in the 1st quarter. Royce & Associates LP now owns 870,475 shares of the construction company’s stock valued at $2,220,000 after buying an additional 20,000 shares during the last quarter. BlackRock Inc. grew its stake in Aspen Aerogels by 7.2% in the 4th quarter. BlackRock Inc. now owns 414,302 shares of the construction company’s stock valued at $883,000 after buying an additional 27,783 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Aspen Aerogels by 2,335.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 48,699 shares of the construction company’s stock valued at $347,000 after buying an additional 46,699 shares during the last quarter. Institutional investors and hedge funds own 66.78% of the company’s stock.
Aspen Aerogels Company Profile
Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.
Read More: Fibonacci Channel
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Aspen Aerogels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Aerogels and related companies with MarketBeat.com's FREE daily email newsletter.