Share on StockTwits

Advanced Energy Industries (NASDAQ:AEIS) Director Frederick Ball sold 1,500 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $18.50, for a total transaction of $27,750.00. Following the transaction, the director now directly owns 47,000 shares of the company’s stock, valued at approximately $869,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded up 2.59% during mid-day trading on Monday, hitting $19.02. 371,319 shares of the company’s stock traded hands. Advanced Energy Industries has a one year low of $16.29 and a one year high of $29.15. The stock’s 50-day moving average is $19.10 and its 200-day moving average is $23.39. The company has a market cap of $781.9 million and a P/E ratio of 19.09.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $141.00 million for the quarter, compared to the consensus estimate of $142.60 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. Analysts expect that Advanced Energy Industries will post $1.51 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Needham & Company LLC downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Separately, analysts at ISI Group downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Finally, analysts at Zacks downgraded shares of Advanced Energy Industries from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $20.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Advanced Energy Industries presently has an average rating of “Hold” and an average target price of $25.53.

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.