Aspen Aerogels (NYSE:ASPN) Reaches New 52-Week Low – Here’s Why

Aspen Aerogels, Inc. (NYSE:ASPN)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $7.17 and last traded at $7.19, with a volume of 2130869 shares traded. The stock had previously closed at $7.61.

Wall Street Analysts Forecast Growth

ASPN has been the topic of several analyst reports. StockNews.com upgraded Aspen Aerogels to a “sell” rating in a report on Wednesday, February 19th. Roth Mkm decreased their price target on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. B. Riley decreased their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Barclays decreased their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group decreased their price objective on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.44.

Aspen Aerogels Stock Up 7.3 %

The stock has a market capitalization of $642.76 million, a PE ratio of 48.97 and a beta of 2.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. The stock’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $17.18.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. As a group, analysts expect that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Aspen Aerogels

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Aspen Aerogels by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock worth $51,800,000 after buying an additional 226,251 shares during the last quarter. FMR LLC lifted its holdings in shares of Aspen Aerogels by 23.6% during the third quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after purchasing an additional 773,647 shares in the last quarter. Oaktop Capital Management II L.P. boosted its position in shares of Aspen Aerogels by 5.6% during the fourth quarter. Oaktop Capital Management II L.P. now owns 3,740,525 shares of the construction company’s stock valued at $44,437,000 after buying an additional 200,000 shares during the last quarter. Needham Investment Management LLC boosted its position in shares of Aspen Aerogels by 5.2% during the fourth quarter. Needham Investment Management LLC now owns 2,389,700 shares of the construction company’s stock valued at $28,390,000 after buying an additional 117,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Aspen Aerogels by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock valued at $23,983,000 after buying an additional 409,862 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.