Active Power (ACPW) Releases Quarterly Earnings Results
Active Power (NASDAQ:ACPW) released its earnings data on Tuesday. The company reported ($0.21) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.15) by $0.06, Stock Ratings News reports. The company had revenue of $13.90 million for the quarter, compared to the consensus estimate of $13.06 million.
Active Power (NASDAQ:ACPW) opened at 3.50 on Tuesday. Active Power has a 1-year low of $2.80 and a 1-year high of $4.98. The stock’s 50-day moving average is $3.41 and its 200-day moving average is $3.18. The company’s market cap is $67.8 million.
A number of analysts have recently weighed in on ACPW shares. Analysts at Zacks upgraded shares of Active Power from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $3.50 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $4.38.
Active Power, Inc (NASDAQ:ACPW) is a manufacturer and provider of continuous power solutions incorporating uninterruptible power supply (UPS) systems that ensure business continuity for enterprises in the event of power disturbances.
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