American Superconductor (NASDAQ:AMSC) Trading 4.3% Higher

American Superconductor Co. (NASDAQ:AMSC)’s stock price was up 4.3% on Monday . The company traded as high as $26.78 and last traded at $26.75. Approximately 109,438 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 919,129 shares. The stock had previously closed at $25.65.

Wall Street Analyst Weigh In

AMSC has been the topic of a number of analyst reports. Oppenheimer raised their target price on shares of American Superconductor from $16.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Roth Mkm lifted their price objective on American Superconductor from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, June 13th.

American Superconductor Stock Performance

The company’s fifty day moving average price is $19.16 and its two-hundred day moving average price is $14.72. The firm has a market capitalization of $987.16 million, a PE ratio of -69.08 and a beta of 2.17.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. American Superconductor had a negative net margin of 7.63% and a negative return on equity of 4.26%. The company had revenue of $42.03 million for the quarter, compared to the consensus estimate of $36.75 million. On average, equities analysts expect that American Superconductor Co. will post -0.04 earnings per share for the current year.

Insider Activity at American Superconductor

In other American Superconductor news, CEO Daniel P. Mcgahn sold 20,559 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $14.82, for a total transaction of $304,684.38. Following the completion of the sale, the chief executive officer now directly owns 1,057,121 shares in the company, valued at $15,666,533.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO John W. Kosiba, Jr. sold 29,000 shares of American Superconductor stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $429,780.00. Following the transaction, the chief financial officer now owns 348,136 shares in the company, valued at approximately $5,159,375.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel P. Mcgahn sold 20,559 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total value of $304,684.38. Following the completion of the sale, the chief executive officer now owns 1,057,121 shares of the company’s stock, valued at $15,666,533.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,724 shares of company stock worth $2,234,333. 4.40% of the stock is owned by insiders.

Institutional Investors Weigh In On American Superconductor

Several institutional investors and hedge funds have recently modified their holdings of AMSC. Invesco Ltd. lifted its position in American Superconductor by 58.9% during the 3rd quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock worth $6,591,000 after acquiring an additional 323,472 shares in the last quarter. Citigroup Inc. acquired a new position in shares of American Superconductor during the third quarter worth $92,000. Baillie Gifford & Co. grew its stake in shares of American Superconductor by 39.9% during 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of American Superconductor during the fourth quarter worth about $293,000. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of American Superconductor by 18.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock worth $161,000 after acquiring an additional 2,294 shares in the last quarter. Hedge funds and other 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.