Advanced Energy Industries, Inc. (NASDAQ:AEIS) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,100,000 shares, a growth of 17.3% from the September 30th total of 1,790,000 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 264,700 shares, the short-interest ratio is presently 7.9 days.

AEIS opened at $64.07 on Friday. The company has a quick ratio of 4.87, a current ratio of 5.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.42 billion, a P/E ratio of 15.29 and a beta of 1.52. Advanced Energy Industries has a 52 week low of $38.74 and a 52 week high of $72.26. The business’s fifty day simple moving average is $57.91 and its 200 day simple moving average is $54.50.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, November 12th. The electronics maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.22. The business had revenue of $175.10 million for the quarter, compared to analyst estimates of $153.03 million. Advanced Energy Industries had a return on equity of 16.57% and a net margin of 16.80%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. As a group, equities analysts expect that Advanced Energy Industries will post 1.71 EPS for the current fiscal year.

Several analysts have weighed in on AEIS shares. TheStreet lowered Advanced Energy Industries from a “b-” rating to a “c+” rating in a report on Tuesday. Citigroup upped their target price on Advanced Energy Industries from $68.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, October 7th. DA Davidson upped their target price on Advanced Energy Industries from $68.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Cowen upped their target price on Advanced Energy Industries from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Advanced Energy Industries presently has an average rating of “Hold” and an average price target of $75.00.

In other Advanced Energy Industries news, CEO Yuval Wasserman sold 6,610 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $60.05, for a total value of $396,930.50. Following the sale, the chief executive officer now owns 160,801 shares of the company’s stock, valued at $9,656,100.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of AEIS. Strs Ohio acquired a new stake in shares of Advanced Energy Industries during the second quarter valued at $33,000. Quest Capital Management Inc. ADV acquired a new stake in shares of Advanced Energy Industries during the third quarter valued at $34,000. Private Capital Group LLC boosted its stake in shares of Advanced Energy Industries by 280.0% during the second quarter. Private Capital Group LLC now owns 646 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 476 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Advanced Energy Industries in the 2nd quarter worth about $62,000. Finally, Cerebellum GP LLC acquired a new stake in Advanced Energy Industries in the 3rd quarter worth about $122,000. 97.54% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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