American Superconductor (NASDAQ:AMSC) Trading Up 9.3% – What’s Next?

American Superconductor Co. (NASDAQ:AMSC)’s stock price was up 9.3% during trading on Monday . The stock traded as high as $21.72 and last traded at $21.69. Approximately 125,144 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,062,874 shares. The stock had previously closed at $19.84.

Analyst Ratings Changes

Separately, Oppenheimer boosted their price target on American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Price Performance

The stock has a market capitalization of $850.36 million, a P/E ratio of 307.90 and a beta of 2.45. The company has a fifty day moving average of $25.38 and a two-hundred day moving average of $26.08.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. As a group, equities research analysts predict that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On American Superconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in American Superconductor by 211.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock worth $7,187,000 after buying an additional 206,655 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of American Superconductor during the 3rd quarter valued at $456,000. Main Management ETF Advisors LLC acquired a new stake in American Superconductor during the 3rd quarter valued at $806,000. Franklin Resources Inc. acquired a new position in American Superconductor during the third quarter worth $781,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in American Superconductor during the third quarter worth $1,424,000. 52.28% of the stock is owned by institutional investors.

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.