Shares of American Superconductor Corporation (NASDAQ:AMSC) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.67.

AMSC has been the topic of several recent research reports. FBR & Co restated a “buy” rating and issued a $9.00 price target on shares of American Superconductor Corporation in a research report on Friday, May 26th. Cowen and Company reaffirmed an “outperform” rating and issued a $8.00 price objective (down previously from $10.50) on shares of American Superconductor Corporation in a report on Friday, April 28th. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price objective on shares of American Superconductor Corporation in a report on Monday, May 29th. Zacks Investment Research lowered American Superconductor Corporation from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Finally, Rodman & Renshaw reaffirmed a “buy” rating and issued a $7.50 price objective (down previously from $10.00) on shares of American Superconductor Corporation in a report on Friday, April 28th.

COPYRIGHT VIOLATION WARNING: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/08/american-superconductor-corporation-amsc-given-average-rating-of-hold-by-brokerages.html.

In other American Superconductor Corporation news, insider Daniel P. Mcgahn acquired 25,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were bought at an average price of $4.00 per share, with a total value of $100,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vikram S. Budhraja acquired 12,500 shares of the stock in a transaction on Wednesday, May 10th. The stock was acquired at an average cost of $4.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 43,750 shares of company stock worth $175,000 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Royce & Associates LP raised its stake in shares of American Superconductor Corporation by 114.3% in the second quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock valued at $1,706,000 after buying an additional 197,000 shares during the period. LMR Partners LLP purchased a new stake in shares of American Superconductor Corporation during the second quarter valued at approximately $169,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of American Superconductor Corporation during the second quarter valued at approximately $1,120,000. PEAK6 Investments L.P. purchased a new stake in shares of American Superconductor Corporation during the first quarter valued at approximately $612,000. Finally, Renaissance Technologies LLC raised its stake in shares of American Superconductor Corporation by 7.9% in the first quarter. Renaissance Technologies LLC now owns 459,588 shares of the technology company’s stock valued at $3,153,000 after buying an additional 33,700 shares during the period. 31.21% of the stock is currently owned by institutional investors.

American Superconductor Corporation (AMSC) opened at 3.02 on Tuesday. The firm’s 50-day moving average price is $4.23 and its 200-day moving average price is $5.52. American Superconductor Corporation has a 12 month low of $3.00 and a 12 month high of $9.38. The stock’s market cap is $56.14 million.

American Superconductor Corporation (NASDAQ:AMSC) last issued its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.51) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.55) by $0.04. The firm had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $15.36 million. American Superconductor Corporation had a negative return on equity of 42.53% and a negative net margin of 36.40%. The firm’s revenue for the quarter was down 41.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) EPS. On average, analysts predict that American Superconductor Corporation will post ($2.02) earnings per share for the current year.

About American Superconductor Corporation

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

Analyst Recommendations for American Superconductor Corporation (NASDAQ:AMSC)

Receive News & Ratings for American Superconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Superconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.