American Superconductor (NASDAQ:AMSC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of American Superconductor (NASDAQ:AMSCGet Rating) from a sell rating to a hold rating in a report issued on Tuesday.

AMSC has been the subject of several other reports. Oppenheimer decreased their price objective on shares of American Superconductor from $28.00 to $27.00 and set an outperform rating for the company in a research note on Monday, August 8th. Craig Hallum decreased their target price on shares of American Superconductor to $11.00 in a research note on Friday, June 3rd. Finally, Roth Capital decreased their target price on shares of American Superconductor from $23.00 to $10.00 and set a buy rating for the company in a research note on Friday, June 3rd.

American Superconductor Stock Down 5.7 %

AMSC opened at $4.78 on Tuesday. American Superconductor has a 52-week low of $4.23 and a 52-week high of $19.36. The company has a 50 day moving average of $5.30 and a two-hundred day moving average of $6.07. The company has a market cap of $136.37 million, a P/E ratio of -5.83 and a beta of 1.41.

American Superconductor (NASDAQ:AMSCGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). American Superconductor had a negative return on equity of 23.23% and a negative net margin of 21.29%. During the same quarter in the previous year, the company earned ($0.15) EPS. Research analysts anticipate that American Superconductor will post -0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Journey Strategic Wealth LLC acquired a new stake in shares of American Superconductor during the fourth quarter worth $381,000. Cavalry Management Group LLC acquired a new stake in shares of American Superconductor during the fourth quarter worth $123,000. Dimensional Fund Advisors LP raised its holdings in shares of American Superconductor by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 234,901 shares of the technology company’s stock worth $2,556,000 after purchasing an additional 12,520 shares during the period. Royce & Associates LP raised its holdings in shares of American Superconductor by 4.0% during the first quarter. Royce & Associates LP now owns 779,600 shares of the technology company’s stock worth $5,933,000 after purchasing an additional 30,000 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of American Superconductor by 57.8% during the first quarter. Assenagon Asset Management S.A. now owns 61,269 shares of the technology company’s stock worth $466,000 after purchasing an additional 22,436 shares during the period. 46.44% of the stock is currently owned by institutional investors.

About American Superconductor

(Get Rating)

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.

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