Aspen Aerogels (NYSE:ASPN) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Aspen Aerogels, Inc. (NYSE:ASPN)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $5.25 and traded as high as $6.11. Aspen Aerogels shares last traded at $6.0430, with a volume of 2,400,890 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on ASPN. Wall Street Zen upgraded Aspen Aerogels from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Barclays raised their price target on Aspen Aerogels from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aspen Aerogels in a research report on Monday, September 21st. B. Riley Financial reiterated a “buy” rating on shares of Aspen Aerogels in a research report on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and set a $7.75 price objective on shares of Aspen Aerogels in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Aspen Aerogels presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Aspen Aerogels Stock Performance

The company has a current ratio of 2.10, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $5.30 and a 200-day moving average of $4.74.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Thursday, November 5th. The construction company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.20. Aspen Aerogels had a negative net margin of 60.81% and a negative return on equity of 28.86%. The company had revenue of $85.18 million during the quarter, compared to analyst estimates of $72.07 million. Research analysts forecast that Aspen Aerogels, Inc. will post -0.72 earnings per share for the current fiscal year.

Insider Activity at Aspen Aerogels

In related news, major shareholder Wood River Capital, Llc sold 12,280,426 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $4.73, for a total value of $58,086,414.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in Aspen Aerogels in the 2nd quarter worth $44,000. Royal Bank of Canada boosted its stake in shares of Aspen Aerogels by 95.8% during the 1st quarter. Royal Bank of Canada now owns 8,523 shares of the construction company’s stock valued at $29,000 after purchasing an additional 4,169 shares in the last quarter. Focus Advisor Solutions LLC bought a new stake in shares of Aspen Aerogels during the 3rd quarter valued at about $57,000. Pallas Capital Advisors LLC bought a new stake in shares of Aspen Aerogels during the 2nd quarter valued at about $69,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Aspen Aerogels during the second quarter valued at about $88,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Company Profile

Aspen Aerogels is a materials technology company that develops and manufactures insulation products based on silica aerogel, a lightweight material known for its insulating properties. Founded in 2001, the company is headquartered in Northborough, Massachusetts. Its products include Pyrogel and Cryogel insulation for industrial and energy applications, Spaceloft insulation for buildings, and PyroThin thermal barriers designed to help manage heat in electric vehicle battery systems. These materials are used in areas such as energy infrastructure, building efficiency, and transportation.