Advanced Energy Industries Director Douglas Schatz Sells 21,759 Shares (AEIS)
Advanced Energy Industries (NASDAQ:AEIS) Director Douglas Schatz sold 21,759 shares of Advanced Energy Industries stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $18.44, for a total value of $401,235.96. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on AEIS shares. Analysts at TheStreet downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 5th. Separately, analysts at Raymond James initiated coverage on shares of Advanced Energy Industries (NASDAQ:AEIS) in a research note to investors on Wednesday, September 4th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Advanced Energy Industries (NASDAQ:AEIS) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $24.10 price target on the stock.
Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.22.
Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down 0.28% on Wednesday, hitting $17.92. The stock had a trading volume of 429,006 shares. Advanced Energy Industries has a 52 week low of $10.80 and a 52 week high of $22.94. The stock’s 50-day moving average is $19.58 and its 200-day moving average is $18.91. The company has a market cap of $713.3 million and a price-to-earnings ratio of 93.59.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, July 29th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.17. The company had revenue of $139.70 million for the quarter, compared to the consensus estimate of $139.54 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $1.20 EPS for the current fiscal year.
Advanced Energy Industries, Inc (NASDAQ:AEIS) designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.
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