American Superconductor (NASDAQ:AMSC) Stock Passes Above 200 Day Moving Average of $10.82

Shares of American Superconductor Co. (NASDAQ:AMSC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.82 and traded as high as $12.35. American Superconductor shares last traded at $12.33, with a volume of 303,986 shares traded.

Analyst Upgrades and Downgrades

Separately, Roth Mkm increased their price objective on shares of American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, January 26th.

American Superconductor Price Performance

The company has a market cap of $378.97 million, a P/E ratio of -20.90 and a beta of 1.94. The company’s 50-day moving average price is $13.28 and its 200-day moving average price is $10.82.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Wednesday, January 24th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. The business had revenue of $39.35 million during the quarter, compared to the consensus estimate of $34.05 million. American Superconductor had a negative net margin of 12.12% and a negative return on equity of 17.61%. On average, equities research analysts predict that American Superconductor Co. will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC acquired a new stake in American Superconductor in the third quarter valued at $5,291,000. Baillie Gifford & Co. lifted its stake in American Superconductor by 39.9% in the fourth quarter. Baillie Gifford & Co. now owns 2,086,279 shares of the technology company’s stock valued at $23,241,000 after acquiring an additional 594,909 shares during the last quarter. Invesco Ltd. lifted its stake in American Superconductor by 58.9% in the third quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock valued at $6,591,000 after acquiring an additional 323,472 shares during the last quarter. Trexquant Investment LP acquired a new stake in American Superconductor in the third quarter valued at $1,290,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in American Superconductor by 172.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 122,120 shares of the technology company’s stock valued at $922,000 after acquiring an additional 77,303 shares during the last quarter. 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 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.