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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 stock was sold at an average price of $18.50, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link.

A number of research firms have recently commented on AEIS. 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 assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.53.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down 0.05% during mid-day trading on Tuesday, hitting $19.01. The stock had a trading volume of 338,756 shares. Advanced Energy Industries has a 52 week low of $16.29 and a 52 week high of $29.15. The stock has a 50-day moving average of $19.10 and a 200-day moving average of $23.39. The company has a market cap of $781.5 million and a price-to-earnings ratio of 19.59.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.29 earnings per share. Advanced Energy Industries’s revenue was up 26.0% compared to the same quarter last year. Analysts expect that Advanced Energy Industries will post $1.51 EPS 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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