American Superconductor Co. (NASDAQ:AMSC – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 2,910,000 shares, an increase of 10.2% from the September 15th total of 2,640,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 2.8 days.
American Superconductor Trading Down 0.8 %
Shares of NASDAQ:AMSC opened at $23.81 on Tuesday. American Superconductor has a 1-year low of $5.78 and a 1-year high of $32.70. The stock has a market capitalization of $880.92 million, a P/E ratio of -61.05 and a beta of 2.14. The business has a 50-day moving average price of $21.36 and a two-hundred day moving average price of $20.04.
American Superconductor (NASDAQ:AMSC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. American Superconductor had a negative net margin of 5.29% and a positive return on equity of 1.15%. The business had revenue of $40.29 million for the quarter, compared to analyst estimates of $39.55 million. As a group, equities analysts predict that American Superconductor will post 0.17 EPS for the current year.
Institutional Investors Weigh In On American Superconductor
Analysts Set New Price Targets
AMSC has been the subject of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $33.00 target price on shares of American Superconductor in a research note on Tuesday, September 10th. Roth Mkm restated a “buy” rating and issued a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th.
Read Our Latest Report on American Superconductor
About American Superconductor
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. 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.
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