Advanced Energy Industries Director Unloads $220,960 in Stock (AEIS)
Advanced Energy Industries (NASDAQ:AEIS) Director Edward C. Grady unloaded 8,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $27.62, for a total transaction of $220,960.00. Following the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $345,250. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Advanced Energy Industries (NASDAQ:AEIS) traded up 6.30% on Thursday, hitting $27.16. 1,038,239 shares of the company’s stock traded hands. Advanced Energy Industries has a 52 week low of $14.00 and a 52 week high of $27.74. The stock has a 50-day moving average of $22.93 and a 200-day moving average of $20.84. The company has a market cap of $1.086 billion and a P/E ratio of 464.55.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results 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 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. Analysts expect that Advanced Energy Industries will post $0.43 EPS for the current fiscal year.
AEIS has been the subject of a number of recent research reports. Analysts at Needham & Company raised their price target on shares of Advanced Energy Industries from $27.00 to $30.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.80.
Advanced Energy Industries, Inc (NASDAQ:AEIS) designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.