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Equities research analysts at MLV & Co
assumed coverage on shares of American Superconductor Corp. (NASDAQ:AMSC) in a research note issued to investors on Wednesday. The firm set a “buy” rating and a $2.10 price target on the stock. MLV & Co
‘s price objective suggests a potential upside of 18.64% from the stock’s previous close.

Shares of American Superconductor Corp. (NASDAQ:AMSC) traded down 3.39% on Wednesday, hitting $1.71. The stock had a trading volume of 599,412 shares. American Superconductor Corp. has a 52-week low of $1.25 and a 52-week high of $2.68. The stock has a 50-day moving average of $1.75 and a 200-day moving average of $1.6. The company’s market cap is $142.3 million.

American Superconductor Corp. (NASDAQ:AMSC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.02. The company had revenue of $11.70 million for the quarter, compared to the consensus estimate of $12.00 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 49.3% on a year-over-year basis. On average, analysts predict that American Superconductor Corp. will post $-0.47 earnings per share for the current fiscal year.

American Superconductor Corporation manufactures high temperature superconductor wire from metal precursors.

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