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

American Superconductor Co. (NASDAQ:AMSC) shares 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm raised their target price on shares of American Superconductor from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

American Superconductor Stock Up 5.0 %

The company has a market capitalization of $378.97 million, a PE ratio of -20.90 and a beta of 1.94. The company’s 50 day moving average is $13.28 and its two-hundred day moving average is $10.82.

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

Hedge Funds Weigh In On American Superconductor

Institutional investors have recently bought and sold shares of the business. Trexquant Investment LP bought a new position in American Superconductor during the third quarter valued at $1,290,000. Barclays PLC lifted its position in American Superconductor by 640,100.0% during the third quarter. Barclays PLC now owns 25,608 shares of the technology company’s stock valued at $193,000 after purchasing an additional 25,604 shares during the last quarter. Invesco Ltd. lifted its position in American Superconductor by 58.9% during the third quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock valued at $6,591,000 after purchasing an additional 323,472 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in American Superconductor by 172.5% during 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 purchasing an additional 77,303 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in American Superconductor during the third quarter valued at $5,291,000. Institutional investors own 52.28% of the company’s stock.

About American Superconductor

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.