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Equities research analysts at Citigroup Inc. assumed coverage on shares of Aspen Aerogels (NASDAQ:ASPN) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $12.00 price target on the stock. Citigroup Inc.’s price target indicates a potential upside of 5.63% from the company’s current price.

Separately, analysts at Robert W. Baird initiated coverage on shares of Aspen Aerogels in a research note on Tuesday. They set a “neutral” rating and a $11.00 price target on the stock. They noted that the move was a valuation call.

Shares of Aspen Aerogels (NASDAQ:ASPN) traded down 7.04% on Tuesday, hitting $10.56. 70,199 shares of the company’s stock traded hands. Aspen Aerogels has a 52 week low of $10.25 and a 52 week high of $11.74. The stock’s 50-day moving average is $10. and its 200-day moving average is $10.. The company’s market cap is $217.3 million.

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities.

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