American Superconductor Corporation (NASDAQ:AMSC) has been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.82.
A number of equities research analysts recently weighed in on AMSC shares. Zacks Investment Research upgraded American Superconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. FBR & Co restated a “hold” rating and set a $6.00 price objective on shares of American Superconductor in a research report on Wednesday, September 27th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMSC. GMT Capital Corp bought a new stake in shares of American Superconductor in the 3rd quarter valued at about $141,000. LMR Partners LLP bought a new stake in shares of American Superconductor in the 2nd quarter valued at about $169,000. Dimensional Fund Advisors LP grew its position in shares of American Superconductor by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after buying an additional 2,600 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of American Superconductor in the 3rd quarter valued at about $210,000. Finally, Manatuck Hill Partners LLC bought a new stake in shares of American Superconductor in the 2nd quarter valued at about $1,617,000. Hedge funds and other institutional investors own 28.51% of the company’s stock.
American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.25. The business had revenue of $11.05 million for the quarter, compared to analyst estimates of $10.93 million. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. American Superconductor’s quarterly revenue was down 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.60) EPS. research analysts predict that American Superconductor will post -2.08 EPS for the current year.
About American Superconductor
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.
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