American Superconductor Corp. (AMSC) Announces Quarterly Results
American Superconductor Corp. (NASDAQ:AMSC) posted its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05, Analyst Ratings.Net reports. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $18.70 million.
A number of analysts have recently weighed in on AMSC shares. Analysts at Thomson Reuters/Verus downgraded shares of American Superconductor Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, December 9th. Analysts at Ascendiant Capital Markets downgraded shares of American Superconductor Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd.
Shares of American Superconductor Corp. (NASDAQ:AMSC) opened at 1.43 on Thursday. American Superconductor Corp. has a 1-year low of $1.37 and a 1-year high of $3.34. The stock’s 50-day moving average is $1.58 and its 200-day moving average is $2.04. The company’s market cap is $92.8 million.
American Superconductor Corporation manufactures high temperature superconductor wire from metal precursors.
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