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Advanced Energy Industries (NASDAQ:AEIS) Director Frederick Ball unloaded 1,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $18.50, for a total value of $27,750.00. Following the completion of the sale, the director now directly owns 45,500 shares of the company’s stock, valued at approximately $841,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on AEIS shares. Analysts at Dougherty & Co downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 9th. Separately, analysts at Canaccord Genuity initiated coverage on shares of Advanced Energy Industries in a research note on Wednesday, July 2nd. They set a “hold” rating and a $20.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Advanced Energy Industries presently has an average rating of “Hold” and a consensus target price of $23.37.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down 3.17% during mid-day trading on Thursday, hitting $17.40. The stock had a trading volume of 359,062 shares. Advanced Energy Industries has a one year low of $16.52 and a one year high of $29.15. The stock has a 50-day moving average of $18.78 and a 200-day moving average of $22.80. The company has a market cap of $715.3 million and a P/E ratio of 18.51.

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. On average, analysts predict that Advanced Energy Industries will post $1.58 earnings per share 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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