Shares of American Superconductor Co. (NASDAQ:AMSC) saw strong trading volume on Monday . 1,484,461 shares were traded during trading, an increase of 232% from the previous session’s volume of 447,072 shares.The stock last traded at $4.89 and had previously closed at $4.50.

A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a research report on Tuesday. FBR & Co reaffirmed a “hold” rating and issued a $6.00 target price on shares of American Superconductor in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.82.

The company has a market capitalization of $93.28, a PE ratio of -2.44 and a beta of 0.90.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.25. American Superconductor had a negative net margin of 50.90% and a negative return on equity of 58.10%. The business had revenue of $11.05 million during the quarter, compared to the consensus estimate of $10.93 million. During the same quarter in the previous year, the firm posted ($0.60) EPS. The firm’s revenue was down 40.3% on a year-over-year basis. research analysts anticipate that American Superconductor Co. will post -2.08 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of AMSC. GMT Capital Corp bought a new stake in American Superconductor in the 3rd quarter worth approximately $141,000. Dimensional Fund Advisors LP boosted its stake in shares of American Superconductor by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,600 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of American Superconductor during the 3rd quarter worth $210,000. Manatuck Hill Partners LLC purchased a new position in shares of American Superconductor during the 2nd quarter worth $1,617,000. Finally, Royce & Associates LP boosted its stake in shares of American Superconductor by 114.3% during the 2nd quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock worth $1,706,000 after acquiring an additional 197,000 shares during the last quarter. 28.51% of the stock is owned by institutional investors and hedge funds.

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American Superconductor Company Profile

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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