American Superconductor (NASDAQ:AMSC) Trading Down 9.5% – Time to Sell?

American Superconductor Co. (NASDAQ:AMSC)’s stock price was down 9.5% during trading on Monday . The company traded as low as $17.56 and last traded at $17.43. Approximately 176,453 shares changed hands during trading, a decline of 83% from the average daily volume of 1,054,300 shares. The stock had previously closed at $19.25.

Analyst Upgrades and Downgrades

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

American Superconductor Trading Up 5.9 %

The company has a market cap of $732.77 million, a PE ratio of 265.32 and a beta of 2.45. The business has a 50 day simple moving average of $26.61 and a two-hundred day simple moving average of $26.09.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, equities research analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Gen Wealth Partners Inc purchased a new position in shares of American Superconductor in the 4th quarter worth $58,000. SBI Securities Co. Ltd. purchased a new position in shares of American Superconductor in the 4th quarter worth $65,000. Jones Financial Companies Lllp raised its position in shares of American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after buying an additional 2,708 shares during the period. PNC Financial Services Group Inc. raised its position in shares of American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after buying an additional 2,948 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of American Superconductor in the 3rd quarter worth $88,000. Hedge funds and other 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 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.