Media stories about American Superconductor Corporation (NASDAQ:AMSC) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Superconductor Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
American Superconductor Corporation (AMSC) opened at 4.32 on Tuesday. The company has a 50-day moving average of $4.35 and a 200 day moving average of $6.09. American Superconductor Corporation has a 12 month low of $3.88 and a 12 month high of $9.38. The company’s market cap is $80.31 million.
American Superconductor Corporation (NASDAQ:AMSC) last posted its earnings results on Thursday, May 25th. The technology company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.04. American Superconductor Corporation had a negative net margin of 36.40% and a negative return on equity of 42.53%. The firm had revenue of $16.20 million during the quarter, compared to analysts’ expectations of $15.36 million. During the same period in the previous year, the business posted ($0.28) EPS. The business’s revenue was down 41.1% compared to the same quarter last year. On average, equities analysts forecast that American Superconductor Corporation will post ($1.73) earnings per share for the current fiscal year.
Several equities analysts have recently commented on the company. FBR & Co reaffirmed a “buy” rating and issued a $9.00 target price on shares of American Superconductor Corporation in a research report on Friday, May 26th. Rodman & Renshaw reiterated a “buy” rating and issued a $7.50 price target (down from $10.00) on shares of American Superconductor Corporation in a research note on Friday, April 28th. HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of American Superconductor Corporation in a research note on Monday, May 29th. Zacks Investment Research downgraded American Superconductor Corporation from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Finally, ValuEngine downgraded American Superconductor Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. American Superconductor Corporation has an average rating of “Buy” and a consensus price target of $8.43.
In other news, Director Vikram S. Budhraja bought 12,500 shares of American Superconductor Corporation stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average price of $4.00 per share, with a total value of $50,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel P. Mcgahn purchased 25,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was bought at an average price of $4.00 per share, for a total transaction of $100,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 43,750 shares of company stock worth $175,000. 2.60% of the stock is owned by corporate insiders.
About American Superconductor Corporation
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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