American Superconductor (NASDAQ:AMSC) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of American Superconductor (NASDAQ:AMSCGet Rating) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

AMSC has been the topic of several other research reports. Oppenheimer decreased their price target on American Superconductor from $28.00 to $27.00 and set an outperform rating on the stock in a research note on Monday, August 8th. Craig Hallum dropped their target price on American Superconductor to $11.00 in a research report on Friday, June 3rd. Finally, Roth Capital dropped their target price on American Superconductor from $23.00 to $10.00 and set a buy rating for the company in a research report on Friday, June 3rd.

American Superconductor Stock Down 3.4 %

AMSC opened at $4.85 on Wednesday. The firm has a market capitalization of $138.37 million, a P/E ratio of -6.22 and a beta of 1.41. The stock’s 50 day moving average price is $5.31 and its two-hundred day moving average price is $5.96. American Superconductor has a 12-month low of $4.23 and a 12-month high of $19.36.

American Superconductor (NASDAQ:AMSCGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.01). American Superconductor had a negative return on equity of 23.23% and a negative net margin of 21.29%. During the same period last year, the business posted ($0.15) EPS. As a group, analysts anticipate that American Superconductor will post -0.87 earnings per share for the current year.

Institutional Trading of American Superconductor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank bought a new stake in American Superconductor in the first quarter valued at approximately $25,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of American Superconductor during the second quarter worth approximately $48,000. AQR Capital Management LLC bought a new position in shares of American Superconductor during the second quarter worth approximately $72,000. Atria Wealth Solutions Inc. acquired a new stake in American Superconductor during the second quarter worth approximately $83,000. Finally, XTX Topco Ltd acquired a new stake in American Superconductor during the first quarter worth approximately $102,000. Institutional investors own 46.44% of the company’s stock.

American Superconductor Company Profile

(Get Rating)

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.

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