Insider Selling: David A. Henry Sells 9,300 Shares of American Superconductor Corp. Stock (AMSC)
American Superconductor Corp. (NASDAQ:AMSC) CFO David A. Henry sold 9,300 shares of the stock on the open market in a transaction dated Thursday, July 31st. The stock was sold at an average price of $2.02, for a total transaction of $18,786.00. Following the completion of the sale, the chief financial officer now directly owns 534,133 shares in the company, valued at approximately $1,078,949. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Superconductor Corp. (NASDAQ:AMSC) traded up 3.63% during mid-day trading on Monday, hitting $2.00. The stock had a trading volume of 714,249 shares. American Superconductor Corp. has a 1-year low of $1.25 and a 1-year high of $2.69. The stock’s 50-day moving average is $1.71 and its 200-day moving average is $1.6. The company’s market cap is $158.8 million.
American Superconductor Corp. (NASDAQ:AMSC) last released its earnings data on Thursday, June 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. The company had revenue of $16.30 million for the quarter, compared to the consensus estimate of $16.25 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was down 20.1% on a year-over-year basis. Analysts expect that American Superconductor Corp. will post $-0.48 EPS for the current fiscal year.
American Superconductor Corporation manufactures high temperature superconductor wire from metal precursors.
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