Trading Report: The American Superconductor Corp. (AMSC) Earns Buy Rating from Analysts at Roth Capital

The American Superconductor Corp. (AMSC) Earns Buy Rating from Analysts at Roth Capital

Roth Capital assumed coverage on shares of American Superconductor Corp. (NASDAQ:AMSC) in a research report released on Monday morning. The firm issued a buy rating and a $10.00 target price on the stock.

Several other research analysts have also issued reports on the company. FBR & Co dropped their price objective on American Superconductor Corp. from $14.00 to $11.00 and set an outperform rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research upgraded American Superconductor Corp. from a sell rating to a hold rating in a research note on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. assumed coverage on American Superconductor Corp. in a research note on Monday, June 20th. They set an outperform rating and a $12.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. American Superconductor Corp. has an average rating of Buy and a consensus price target of $10.33.

Shares of American Superconductor Corp. (NASDAQ:AMSC) opened at 7.02 on Monday. The firm’s 50-day moving average price is $6.98 and its 200 day moving average price is $8.43. The firm’s market cap is $99.60 million. American Superconductor Corp. has a 12-month low of $3.81 and a 12-month high of $12.50.

American Superconductor Corp. (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.28. American Superconductor Corp. had a negative return on equity of 30.24% and a negative net margin of 28.46%. The firm earned $13.30 million during the quarter, compared to analyst estimates of $13.39 million. During the same period in the prior year, the company posted ($0.72) earnings per share. The business’s revenue for the quarter was down 43.9% compared to the same quarter last year. On average, equities analysts expect that American Superconductor Corp. will post ($2.32) earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC purchased a new position in American Superconductor Corp. during the second quarter valued at about $104,000. TFS Capital LLC purchased a new position in American Superconductor Corp. during the second quarter valued at about $105,000. Teachers Advisors Inc. purchased a new position in American Superconductor Corp. during the second quarter valued at about $162,000. Scopia Capital Management LP purchased a new position in American Superconductor Corp. during the first quarter valued at about $149,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in American Superconductor Corp. during the second quarter valued at about $167,000. Institutional investors and hedge funds own 30.28% of the company’s stock.

American Superconductor Corp. Company Profile

Related posts

Leave a Comment