News stories about American Superconductor (NASDAQ:AMSC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Superconductor earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 49.0417448912153 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised American Superconductor from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley upped their price objective on American Superconductor from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Monday, June 11th. Finally, ValuEngine raised American Superconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
Shares of American Superconductor traded down $0.09, hitting $6.36, on Friday, Marketbeat reports. 88,808 shares of the stock were exchanged, compared to its average volume of 196,526. The stock has a market capitalization of $136.92 million, a P/E ratio of -3.46 and a beta of 1.12. American Superconductor has a fifty-two week low of $3.06 and a fifty-two week high of $8.03.
American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.15. American Superconductor had a negative return on equity of 41.86% and a negative net margin of 42.74%. The firm had revenue of $12.61 million during the quarter, compared to analysts’ expectations of $11.97 million. sell-side analysts anticipate that American Superconductor will post -1.03 earnings per share for the current fiscal year.
American Superconductor Company Profile
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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