Insider Selling: Advanced Energy Industries Director Unloads 7,500 Shares of Stock (AEIS)
Advanced Energy Industries (NASDAQ:AEIS) Director Terry Hudgens unloaded 7,500 shares of Advanced Energy Industries stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $22.84, for a total transaction of $171,300.00. Following the sale, the director now directly owns 29,000 shares of the company’s stock, valued at approximately $662,360. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AEIS shares. Analysts at Zacks downgraded shares of Advanced Energy Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $26.60 price target on the stock. Separately, analysts at Susquehanna downgraded shares of Advanced Energy Industries from a “positive” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $27.00 price target on the stock, down previously from $28.00. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.80.
Advanced Energy Industries (NASDAQ:AEIS) traded up 1.88% during mid-day trading on Friday, hitting $23.31. The stock had a trading volume of 411,984 shares. Advanced Energy Industries has a 1-year low of $13.48 and a 1-year high of $26.55. The stock has a 50-day moving average of $22.63 and a 200-day moving average of $20.34. The company has a market cap of $932.0 million and a P/E ratio of 416.00.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.20. The company had revenue of $142.90 million for the quarter, compared to the consensus estimate of $146.61 million. During the same quarter last year, the company posted $0.20 earnings per share. Advanced Energy Industries’s revenue was up 21.6% compared to the same quarter last 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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