Equities research analysts at Wedbush reiterated a "neutral" rating on shares of American Superconductor Co. (NASDAQ: AMSC) in a research note to investors on Wednesday.
Separately, analysts at Citigroup (NYSE: C) reiterated a "hold" rating on shares of American Superconductor Co. in a research note to investors on Tuesday. Also, analysts at Jefferies cut their EPS estimates on shares of American Superconductor Co. in a research note on Tuesday. They now have an "underperform" rating and a $6.00 price target on the stock.
Shares of American Superconductor Co. traded down 1.72% during mid-day trading on Thursday, hitting $7.98. American Superconductor Co. has a 52 week low of $10.00 and a 52 week high of $38.88. The stock's 50-day moving average is $8.51 and its 200-day moving average is $18.69. The company has a market cap of $404.6 million and a price-to-earnings ratio of 9.42.
American Superconductor Co. last announced its quarterly results on Tuesday, February 1st. The company reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.33 EPS by $0.07. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts predict that American Superconductor Co. will post $-0.11 EPS next quarter.
American Superconductor Corporation is a power technology company offering a range of technologies and solutions spanning the electric power infrastructure from generation to delivery to end use. It also offers a host of smart grid technologies for power grid operators, which integrate renewable energy sources into the power infrastructure. The technologies include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems. The Company manufactures two base products: programmable power electronic converters and high temperature superconductor (HTS) wires. It conducts its operations through two segments: AMSC Power Systems and AMSC Superconductors.
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