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Advanced Energy Industries (NASDAQ:AEIS)’s share price reached a new 52-week high during mid-day trading on Wednesday, ARN reports. The stock traded as high as $26.73 and last traded at $25.53, with a volume of 613,742 shares traded. The stock had previously closed at $24.90.

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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Advanced Energy Industries presently has an average rating of “Hold” and an average price target of $24.80.

In other Advanced Energy Industries news, Director Terry Hudgens sold 7,500 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $22.84, for a total value of $171,300.00. Following the completion of the transaction, the director now directly owns 29,000 shares in the company, valued at approximately $662,360. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Advanced Energy Industries has a 1-year low of $13.55 and a 1-year high of $26.55. The stock has a 50-day moving average of $22.78 and a 200-day moving average of $20.76. The company has a market cap of $1.022 billion and a price-to-earnings ratio of 452.73.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings data on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries will post $0.43 earnings per share 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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