American Superconductor (NASDAQ:AMSC) Trading Up 9.3% – What’s Next?

American Superconductor Co. (NASDAQ:AMSC) shares were up 9.3% during trading on Monday . The stock traded as high as $21.72 and last traded at $21.69. Approximately 125,144 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,062,874 shares. The stock had previously closed at $19.84.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price target on American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

American Superconductor Price Performance

The firm has a 50-day simple moving average of $25.38 and a two-hundred day simple moving average of $26.08. The company has a market cap of $850.36 million, a PE ratio of 307.90 and a beta of 2.45.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Equities research analysts forecast that American Superconductor Co. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On American Superconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in AMSC. Gen Wealth Partners Inc acquired a new position in American Superconductor in the fourth quarter valued at $58,000. SBI Securities Co. Ltd. acquired a new position in shares of American Superconductor during the fourth quarter worth about $65,000. Jones Financial Companies Lllp lifted its stake in shares of American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of American Superconductor during the third quarter worth about $88,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. 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.